Looking for a rise in interest rates?

A survey by moneysupermarket.com has found that 41% of Brits would like to see a rise in the Bank of England’s base rate so they could get a better return on their savings.  A further 11% want the rate to go up in order to bring inflation under control.

However, 23% don’t want the base rate to increase as it means their mortgage payments will go up and 24% think a rate rise would damage the economic recovery.

 

Source:  Credit Action October 2011 edition

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