The Bank of England is expected to increase interest rates to 5.5 percent at its next meeting on Thursday but markets reckon this could be the final hike as inflation is expected to slide.
Easy access savings accounts now offer the highest interest rates in almost 15 years but the big high street banks are still failing to offer best buy deals despite mounting political pressure.
rate. that is bidenomics, guys. bidenomics is living off your credit card when the interest rate is 20% plus. highest base rates we ve seen in history. the reason joe talks about 30% of americans giving the president approval on inflation, it is because they feel it and it is a tax and they are being punished every month and 60% of americans in every tax bracket living paycheck to paycheck, being promised this will get better. if you hear the president and treasury secretary and fed chair coming out saying inflation is tame, the economy is doing great, you start to spend like it and you spend more than you bring in. what point are people so under water that the economy craters when consumer confidence is lost. if things are going great, when is the fed going to cut rates? not any time soon, they will
Interest rates have returned to levels last seen 15 years ago but savings accounts pay far less today than they did back then. Big banks continue to rip off savers who must vote with their feet.