Saga Director-General Dr Ros Altmann comments on reports from Bank of England's monetary policy committee member that interest rates may rise sooner than expectedWednesday 27 October 2010
Saga Director-General Dr Ros Altmann comments on reports from Bank of England's monetary policy committee member that interest rates may rise sooner than expected
“The strong growth figures announced yesterday have led to predictions of a rise in interest rates this side of Christmas. This is great news for savers, particularly retirees who are heavily reliant on interest from their savings. Worthwhile returns will also help to encourage people to start saving again – despite recent irresponsible Bank of England calls for people to spend and not save!”
“We would urge savings providers to ensure that any increases are passed on to beleaguered savers quickly so that everyone can have a slightly merrier Christmas!”
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