Banks Have Questions to Answer Over Interest Rate Rises for Savers, Says Minister
Banks have questions to answer about how quickly they have been passing on interest rate rises to savers, a Cabinet minister has said. Last week, the Bank of England raised interest rates from 4.5 to 5 percent, a level last seen in April 2008. It was the 13th consecutive rate increase in 18 months, putting increased pressure on mortgage holders. ...
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