1st July 2024
Warning - 'new normal' interest rates to be far higher than before
Although much focus is on the Bank of England and when it will begin to cut interest rates, a sobering warning has come from the head of the UK’s biggest lender, Lloyds Banking Group.
Chief executive Charlie Nunn says rates between 3.5% and 4.5% will be the ‘new normal’ with no return...