Interest Rates Flashcards
1
Q
Bank of England Base Rate
A
5.25%
2
Q
Average Lending Rate
A
6.25%
3
Q
Banks’ willingness to lend
A
Good
4
Q
Consumer Confidence
A
Very Weak
5
Q
Business Confidence and Causes/Changes
A
Poor
-Weak Macroeconomic performance
-Trade frictions with the EU
-Volatile govt policy changes (lack of trust)
+upcoming elections
Showing +ve signs though
6
Q
Savings Ratio
A
10.5%
7
Q
Total QE and Proportion spent during COVID period
A
£895m
