Consumers need “careful financial planning in the months ahead” after the Bank of England cut interest rates on Thursday, wealth manager Quilter has warned. Financial planner at Quilter Holly Tomlinson said the 25 basis point cut will be “good news” for borrowers, whilst savers will be stung by lower returns on deposits. Tomlinson said: “Banks [...]
Full ArticleWhat the Bank of England interest rate cut means for your money
City A.M.
0 shares
1 views
You might like
Related news coverage
Monzo making big change to accounts customers will find 'disheartening'
Tamworth Herald
Monzo has reduced the interest rates on one of its savings accounts following a recent cut to the Bank of England's (BoE) base..
Advertisement
More coverage
Bank of England cuts interest rates to 4.5%
ODN
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June..