The Bank of England has just released its Effective Interest Rates Report for October 2014.
Extracts-
1. Deposits
The effective rate paid on households’ outstanding time deposits increased by 11bps to 1.92%. Other deposit rates can be seen in the following chart.
![BoE Effective interest rates - deposits [October 2014]](http://stockmarketalmanac.co.uk/wp-content/uploads/2014/12/BoE-Effective-interest-rates-deposits-October-2014.png)
2. Loans
The effective rate on the stock of outstanding secured loans (mortgages) decreased by 1bp to 3.19%. Other loan rates can be seen in the following chart.
![BoE Effective interest rates - loans [October 2014]](http://stockmarketalmanac.co.uk/wp-content/uploads/2014/12/BoE-Effective-interest-rates-loans-October-2014.png)
