The Bank of England's Inflation Report, now known as the Monetary Policy Report, details the outlook for inflation and economic…
The Bank of England is the UK's central bank, responsible for monetary policy, financial stability, and issuing currency. It plays…
The AER shows the true return on savings or investment accounts, including compound interest. It allows for fair comparison between…
Zero interest rates (ZIRP) mean central banks set benchmark rates at or near zero. This aims to stimulate borrowing and…
A variable rate mortgage, also known as a floating rate mortgage, has an interest rate that fluctuates over the life…
Sub-prime loans are mortgages offered to borrowers with poor credit history. They often come with higher interest rates and fees…
A savings account is a bank deposit account that allows you to save money while earning interest. It's a secure…
Quantitative easing is a monetary policy where a central bank injects liquidity into markets by purchasing assets. It aims to…
The primary discount rate is the interest rate at which commercial banks can borrow money directly from the central bank.…
A personal loan is a versatile financial tool that allows individuals to borrow a fixed amount of money, repaid over…