Savings: Disappointment for savers as interest rates “nowhere near” return to “normal”

Piggy bank with bandage isolated on pink backgroundThe UK’s beleaguered savers, will have been left disappointed by the last public appearance of the outgoing Governor of the Bank of England. Speaking to the Treasury Committee, Sir Mervyn King said that interest rates were “nowhere near” returning to “normal”. He went on to say that an increase to interest rates and the unwinding of the Quantitative Easing program would only start have a significant improvement to the economy. Over the past few ...