Good evening. After ten years of low Interest Rates, the governor of the bank of england has signalled theyre likely to rise in the near future. That could mean as early as november. Mark carney told the bbc that because of the state of the economy, which is experiencing rising inflation, consumers should expect rates to increase, though he added any hike would be limited and gradual. Millions have enjoyed cheaper mortgages and loans since rates began coming down after the financial crash in 2007, though savers have lost out. Heres our economics editor simonjack. Its been a great decade for borrowers, a miserable one for savers. Interest rates are at their lowest level since the bank of england was founded over 300 years ago. But today, the governor of the bank sent his strongest signal yet that that may be about to change. What we have said is that if the economy continues on the track that its been on and all indications are that it is in the relatively near term, we can expect that
Rates, the governor of the bank of england, has signalled theyre likely to rise in the near future. That could mean as early as november. Mark carney told the bbc, that because of the state of the economy, which is experiencing rising inflation, consumers should expect rates to increase, though he added any hike would be limited and gradual. Millions have enjoyed cheaper mortgages and loans, since rates began coming down after the financial crash in 2007, though savers have lost out. Heres our economics editor simonjack. Its been a great decade for borrowers, a miserable one for savers. Interest rates are at their lowest level since the bank of england was founded over 300 years ago. But today, the governor of the bank sent his strongest signal yet that that may be about to change. What we have said is that if the economy continues on the track that its been on and all indications are that it is in the relatively near term, we can expect that Interest Rates would increase somewhat. The
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James Michael Schmit, 62, of Eagle, Idaho, died of a brain tumor (Glioblastoma Multiforme) Sunday, Dec. 10, 2023, in Weatherford, Texas. Jim will be remembered in the Boise Community for