Savings rate rises slowed ahead of base rate hike

Savings rate rises slowed ahead of base rate hike | moneyfacts.co.uk

The latest figures reveal that the number of savings rate rises fell by 36% in July. just before the Bank of England announced its base rate rise. This means that. with CPI at 2.5%. savers have even less hope of beating inflation.

The latest figures from Moneyfacts.co.uk reveal that the number of savings rate rises fell by 36% in July. just before the Bank of England announced an increase in base rate. This means that. with the Consumer Prices Index (CPI) at 2.5%. savers have even less hope of beating inflation.

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