Moneynet in The Press
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savers face struggle to keep ahead of inflation as interest rates set to stay low
Published: 13/02/2010 |
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The Scotsman (Main) Savers face a prolonged struggle to secure above-inflation returns after the Bank of England warned that the base rate could stay at its record low for another year. Andrew Hagger, head of communications at Moneynet.co.uk said: “To rub salt into the wound, swap rates for both two and five years have fallen by almost 0.4 per cent since the start of the year, so the chance of seeing rates on fixed-rate bonds picking up is also looking increasingly remote.”
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