The Bank had previously raised rates 14 times in a row to tame inflation, leading to increases in mortgage payments but also higher savings rates. With a slim 5-4 vote on maintaining interest rates at 5.25%, it may seem likely that we are beginning to head in the right direction.
The Financial Conduct Authority (FCA) has called the top bankers from Natwest, Barclays, HSBC, and Lloyds to discuss the pricing of cash savings and the support and value provided for customers. Sourced Capital has previously commented on this topic when the Bank of...
Yesterday the Bank of England announced that they are once again increasing interest rates in their ongoing struggle to bring down the stubbornly high inflation rate. In a recent statement, they stated 'The Committee is continuing to monitor closely the impact of the...
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