What's in issue nine: who fixes rates?

Issue nine of ‘INTEREST’ further highlights:

• Core inflation, which excludes volatile food and energy prices, remained at 3.5% in June, while services inflation was unchanged at 5.7%.
• Swap rates dipped slightly following the results of July’s General Election, largely due to the certainty the election outcome offers after the pre-election period, which is often unsettled.
• For the first time in over three years, investors have seen a positive real return on their savings over the past couple of months.
• With CPI inflation remaining at 2% in June, the margin between savings rates and CPI moved closer to the Moneyfacts Rules of Thumb.
• The margin between CPI and mortgage rates increased to 3.80% over the month, the largest positive margin since September 2009 (3.96%).

Issue ten published Friday 6 September 2024

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