Adam Jacobs 🇺🇦 on Nostr: In case anyone is wondering which direction UK interest rates are moving in, I got 2 ...

In case anyone is wondering which direction UK interest rates are moving in, I got 2 letters from my bank today that shed some light on the issue.

The first one said that they're reducing the interest rate on my savings account.

The second one said that they're increasing the interest rate on my credit card account.

So I think the clear conclusion is that interest rates are going in whichever direction makes more money for the bank.

#UKEconomy #InterestRates #Banks