Bank of England Governor Backs Regulator Plan to Ensure 'Fairness' for Savers

Andrew Bailey
Photographer: Hollie Adams/Bloomberg

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By THE PRESS ASSOCIATION (PA Reporter)

August 5, 2023 at 12:58 AM UTC

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The governor of the Bank of England has backed the City watchdog's action to ensure interest rate rises are passed appropriately to savers, saying a failure to do so "raised a question about fairness to customers".

Andrew Bailey's comments to the i newspaper came after the bank raised interest rates for the 14th time in a row, to