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Pass-through of Bank Rate to household interest rates - speech by Michael Saunders
Given at Imperial College Business School, London
Published on
06 March 2019
In his speech, Michael says the
of
to the interest rates facing individual savers and borrowers doesn’t seem to be behaving as usual. He discusses potential reasons for this and offers his thoughts on the implications for monetary policy. He ends by giving his view on the near-term outlook for the economy.
Pass-through is the degree to which retail interest rates - deposit and lending rates - respond to changes in Bank Rate. For further detail see Box 2 of the February 2018 Inflation Report
Bank Rate is the interest rate we pay to commercial banks that hold money with us. It influences the rates those banks charge people to borrow money or pay on their savings. Find out more about Bank Rate.
Pass-through of Bank Rate to household interest rates