GAD rate for April 2012 rises to 2.75%
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The new GAD rate has changed to 2.75% with effect from 1st April 2012.
This is 0.25% higher than the March 2012 rate and means that the GAD rate has risen by one notch in each month since February when the GAD rate was at its lowest ever level of 2.25%.
The 15year gilt yield went as high as 2.95% on the 16th March so if gilts don’t fall back we might see a 3% GAD rate in May.