NS&I slashes rate on savings bonds by half in two months
Cut to 2.95pc comes after rates were reduced in November from previous offer of 5.7pc
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Cut to 2.95pc comes after rates were reduced in November from previous offer of 5.7pc
(Bloomberg) -- Argentine President Javier Milei is proposing a local debt swap that could top $71 billion, aiming to stabilize the country’s finances by pushing off maturities and reducing the deficit to zero.Most Read from BloombergHuawei Teardown Shows 5nm Chip Made in Taiwan, Not ChinaBusiness Insider Says Ackman’s Wife Plagiarized in Her ThesisTroubled China Shadow Bank Zhongzhi Files for BankruptcyIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on Thi
Savings rates have rocketed over the last two years but so has inflation, which means the value of people's deposits have still been falling in real terms. Now that has suddenly changed.
Experts say the tide is turning in the fixed-rate market
Any financial journalist worth their salt knows you should never make predictions about where markets will move next. They're completely unpredictable and you'll end up making a fool of yourself.