TMS020 Interest Rates

Today we’re talking about interest rates and how they impact both the economy, and us as individuals. Who controls them? Why do they shift up and down? You know. That sort of thing.

In This Episode

  • How interest rates work in the UK
  • The average interest rate over the last 324 years
  • How banks use interest and your money
  • Savers, borrowers and the economy at large

“The main purpose of changing interest rates is to impact the overall economy”

“We’re pretty much still the lowest rates ever seen”

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