UK Interest Rates Flashcards
1
Q
What is the Bank of England Base Rate?
A
5.25%
2
Q
What was the base rate in December 2021?
A
0.1%
3
Q
Is banks willingness to lend, good or bad?
A
Good
4
Q
Is consumer confidence strong or weak?
A
Very weak
5
Q
What are banks average lending rate?
A
6.25%
6
Q
What is the current savings ratio (2024)
A
10.5%
7
Q
What is the value of Quantitative Easing
A
The Bank of England have electronically printed and pumped £895 million into the economy
