Bailey asked on mortgage rates and savings rates and passthrough. Says over the last year term deposits and mortgages have moved largely together. Sight deposits are different - banks put a lot more emphasis on term deposits than price deposits - so seeing sight deposits less responsive.

BOE: Mortgage rates and term deposits move largely together

Last updated at:Aug-01 12:04

Bailey asked on mortgage rates and savings rates and passthrough. Says over the last year term deposits and mortgages have moved largely together. Sight deposits are different - banks put a lot more emphasis on term deposits than price deposits - so seeing sight deposits less responsive.