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

‘ 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

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