While the Brexit vote triggered a cut in the base rate to a new low of 0.25%, the focus has since been turned to rate rises. This, together with PSD2 and Open Banking means we are on the cusp of a new, highly competitive market aimed at the retail savings market.
How will consumer behaviour change and what should marketers' priorities be in a world when interest rates are rising ? At what point will rate increments make a difference? With millions of savers and borrowers having experienced only rock-bottom rates, will there be an upsurge in competition in the cash savings market and a rise in debt problems? Will high-interest current accounts lose their appeal for consumers and providers?
We bring together an expert panel to discuss how the environment will change for savers, borrowers and marketers.
James Daley, Managing Director, Fairer Finance
Jonathan Tyce, Senior Banks Analyst, EMEA, LATAM & Asia Banking, Bloomberg
Greg B Davies PhD, Head of Behavioural Science, Oxford Risk