UK finance minister Hunt says banks are slow to pass on rate hikes to savers

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

Sverige Nyheter Nyheter

UK finance minister Hunt says banks are slow to pass on rate hikes to savers
Sverige Senaste nytt,Sverige Rubriker

Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved. | Reuters

‘ profits are generally improved by an increase in interestcan increase borrowing costs versus the amount they pay out in interest on deposits.rateratebankss 0.7-1.

35 percent for easy access savings accounts, at a time when the central bank had raised the baseAround 60 percent of household deposits are held in instant access accounts, the committee said.Subscribe to our daily newsletter

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

inquirerdotnet /  🏆 3. in SE
 

Sverige Senaste nytt, Sverige Rubriker