why your mortgage payments are going up but your savings aren't – and how better monetary policy could help
- Written by Frederic Malherbe, Professor of Economics and Finance, UCL
Different accounts, different interest rates.Pixel-Shot / ShutterstockThe Bank of England, the UK’s central bank, has raised its main interest rate by 0.5% to 3.5%. This is the ninth in a series of increases over the past year that have had a ripple effect across the economy.
A central bank rate rise feeds into the rates that banks,...
