bank of england rate increase

Bank of England raises interest rates to 4%, the first increase in more than three years — Photo by Helena Lopes on Pexels

7 Costly Myths About Interest Rates Exposed

7 Costly Myths About Interest Rates Exposed The most costly myths about interest rates are that a central-bank hike instantly raises every loan, that savers get the same boost as the policy rate, and that higher rates always mean better returns. In reality the transmission chain is sluggish, savings products