Interest Rates Flashcards by Zac Waygood

Q

BoE base rate

A

5.25% to 4.25%
Reduced to increase employment and spending due to the expected downturn

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Q

Average lending rate

A

4.75%

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Q

Banks Willingness to Lend

A

Good

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Q

Consumer confidence

A

Very weak

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Q

Business confidence

A

Very weak

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Q

Savings ratio

A

12%
Proportion of disposal income that is saved

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Q

Total Quantitative easing

A

£895 bn

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