BoE Effective Interest Rates Report – October 2014

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]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]

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