Thread: Bank of England raises base rate of interest to 1%
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Old 05-05-2022, 21:07   #10
nomadking
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Re: Bank of England raises base rate of interest to 1%
Quote:
Originally Posted by Hugh View Post
Probably around "never"…
Partly because of people on fixed rate deals.

The return for savers depends on the money being earned on loans. If the income doesn't go up that much, it can't be given to savers.
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