Interest Rates Flashcards
1
Q
What’s the interest rate in the UK set by the BofE
A
5.25%
2
Q
What the average lending rate from UK bank
A
6.25%
3
Q
What’s the banks willingness to lend?
A
High due to them being profit maximizing firms and wanting to lend at high rates
4
Q
Where does QE stand at
A
£895 bn
5
Q
A
