questionsal2015 - 11/10/2017 - 12:33:33
With central banks beginning to move away from stimulative policies more than 10 years since the onset of the global financial crisis, some investors and fund managers are starting to anticipate the first rise in the Bank of England base rate for many years.
Should we expect an interest rate hike from the Bank of England next month?
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CommentJohn1Smith2 - 17/10/2017 - 19:17:40
When / if the BoE will rise/hike the interest rate, "next to nothing" will be passed from high-street UK bank to their customers.
Because ALL banks were flooded with QE for too long time. They do not need common people to save, they want to lend us their "from thin air made money", maybe for inflated price UK houses.
Or to force many to gamble on volatile over-valuated shares, with CAPE >30. Investment fees are more lucrative than bank overdraft charged.
It is a "win-win" they say, you win 0.25% taxable (savings), bank wins 2%-7% (loan, in fiscal paradise). LOL