Articles Tagged ‘Interest rates’

Quantitative Easing and Government support for SMEs


When times are hard for the economy, the Bank of England will usually lower interest rates to encourage people to spend their money rather than save it. If interest rates are low, they won't get such a good return on savings and it also makes borrowing money more affordable. Purchasing boosts the economy by keeping businesses open and people in jobs. As the interest rate is already only just above zero, the Bank of England cannot lower it any further without negative interest rates. So a process called Quantitative Easing is used instead. Read on to find out more... 

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