Interest rates for savers - I wish

Stavros_3

Would be nice for savers HERE

jon3001

Bank of England warns of rate rises if inflation shoots up
What's good about higher interest rates for savers if it's off the back of increased inflation? They won't really be better off in real terms.

Geoffo_M

jon3001 wrote: »

Bank of England warns of rate rises if inflation shoots up
What's good about higher interest rates for savers if it's off the back of increased inflation? They won't really be better off in real terms.

No, but they would be worse off if there was increased inflation and interest rates didn't rise

jon3001

Geoffo_M wrote: »

No, but they would be worse off if there was increased inflation and interest rates didn't rise

BoE target CPI inflation is 2%. Yet it's been above this for most of the past 3 years. Despite that they've dropped base rates to 0.5%. So you're basically already in that situation.