Sunday, 5 September 2010

Interest Rates

"The Bank of England is this week set to hold interest rates at 0.5pc, with a growing expectation that when rates do start to rise they will do so quickly."

That's fine, as long as it applies to savers as well as borrowers. Savers have been receiving paltry rates of interest on their investments for years.

Were interest rates to rise rapidly to, say, six or seven percentage points I, for one, would be utterly delighted. That would give savers a half-decent rate of return.

1 comment :

Brian Spence said...

Would suit me personally too apart from the ensuing reduced demand, low property prices, business failures and stock market collapse:)