Saturday, 10 January 2009
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Economics news post for AS and A2 students at MPW Cambridge - please add brief comments to stories you find interesting or relevant. You can: speculate on future trends; link in with other topics or units; interpret/analyse; evaluate (magnitude of change/short term/long term...); offer a personal evaluation (normative statements) but please offer evidence or an explanation. You can also evaluate other students' comments but please be professional in your response.
2 comments:
RBS (royal bank of scotland) said that they will not do the same cut as the bank of england which was 0.5 point they are prepared to cut it at 0.25 because they need to balance the interest of savers and borrowers.
If you have more loans than deposits, you don't pass on the rate cut. If you have more deposits than loans, you pass it on in full.
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