Archive for the ‘Interest Rates’ Category
UK interest rates remain on hold at record low of 0.5%
UK interest rates have been held at a record low of 0.5% by the Bank of England’s Monetary Policy Committee.Bank of England UK interest rates have now been held at 0.5% for more than two and a half years Worries about the strength of the economic recovery meant that economists had expected rates to remain [...]
November 24, 2011
Tags: bank lending, Bank of England, Credit Crunch, Interest Rates, UK loans rates, uk recession Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, UK Loans Rates, Uncategorized 
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Payday loans debt quadrupled advisory service says
The number of people running into debt through payday loans has quadrupled in two years, according to one debt advisory service.Payday loans are small, short-term unsecured loans designed to tide people over until they get their salary. The Citizens Advice Bureau says it is too easy to obtain such credit and is calling for tighter [...]
October 17, 2011
Tags: bank lending, bankers, borrowing, Credit Crunch, debt management plans, Loan calculator, payday loans, sub prime loans Posted in: Bankers, Borrowing Costs, Credit Crunch, Finance, Interest Rates, Lenders, Loans Calculators, Loans Rates, Online Banking, Payday Loans, Sub Prime Loans, Uncategorized No Comments
Bank of England injects further £75 billion into UK economy
The Bank of England has said it will inject a further £75 billion into the economy through quantitative easing (QE).The Bank has already pumped £200 billion into the economy by buying assets such as government bonds, in an attempt to boost lending by commercial banks. But this is the first time it has added to [...]
October 12, 2011
Tags: bank lending, Bank of England, bankers, borrowing, consolidate debt loans, debt management plans, Quantitative Easing, UK loans rates Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, UK Loans Rates, Uncategorized No Comments
Bank of England member calls for credit boost
Adam Posen, a member of the Bank of England’s interest rate-setting committee, has said the UK economy needs an instant credit boost.In a speech, he said the Bank should help the government to set up and fund a new bank to boost lending to small and medium-sized businesses. Mr Posen is the only Monetary Policy [...]
September 30, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Quantitative Easing, recession, refinancing rates, UK loans rates, uk recession Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sovereign Debt, UK Loans Rates, Uncategorized, Unemployment No Comments
Bank of England MPC unanimous in holding interest rates
All nine of the Bank of England’s Monetary Policy Committee (MPC) voted to keep interest rates on hold at its August meeting, minutes have shown.Two members who had regularly voted for an increase to ward off rising inflation ditched their stance in the face of a weaker economic environment. The vote means interest rates are [...]
September 7, 2011
Tags: Bank of England, bankers, debt management plans, Interest Rates, Loan calculator, UK loans rates Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, Loans Calculators, Uncategorized No Comments
Federal Reserve expects not to raise loans interest rates until 2013
The Federal Reserve has said it expects to keep loans interest rates at their current low levels until at least the middle of 2013.The US central bank admitted in its announcement that America’s economic growth this year had been “considerably slower” than it had expected. It did not say whether it was considering more quantitative [...]
August 26, 2011
Tags: bank lending, bankers, banks, Credit Crunch, Interest Rates, Loan calculator, loans rates, US loans rates Posted in: Banks, Borrowing Costs, Interest Rates, Lenders, Loans Calculators, Loans Rates, Uncategorized No Comments
Loans interest rates must rise claims top bankers
The Bank for International Settlements (BIS) has warned that low interest rates across the globe are a threat to world financial stability. The BIS has warned that the low cost of borrowing had resulted in a credit and property price boom which was fuelling inflation, especially in emerging economies. Central banks across the globe have [...]
July 6, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, finances, Interest Rates, Lenders, Loan calculator, loans, refinancing rates Posted in: Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, Loans Calculators, Uncategorized, inflation No Comments
New Bank of England member votes to keep loans interest rates on hold
The new member of the Bank of England’s loans interest rate setting committee had voted to keep rates on hold at the record low of 0.5%. Minutes of its just published June meeting showed that former Goldman Sachs economist Ben Broadbent voted with the majority of the Monetary Policy Committee (MPC). It means he has [...]
June 24, 2011
Tags: Bank of England, bankers, banks, Interest Rates, Loan calculator, Quantitative Easing, sovereign debt, UK loans rates Posted in: Bank of England, Bankers, Banks, Credit Crunch, Debt Management, Interest Rates, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Bank of England policymakers remain split on loans interest rates
The Bank of England’s policymakers voted six to three in favour of keeping loans interest rates on hold at a record low of 0.5% this month the minutes of the Monetary Policy Committee’s (MPC) May meeting show. It is the fourth month in a row that three members have voted for a rise as the [...]
May 23, 2011
Tags: Bank of England, Credit Crunch, Interest Rates, Loan calculator, UK loans rates Posted in: Bank of England, Credit Crunch, Interest Rates, Loans Calculators, Uncategorized, inflation One Comment
How to claim your PPI compensation
Three million people are in line to receive compensation after high street banks surrendered in the long battle over mis-sold payment protection insurance (PPI). Credit card and loan providers and the four main banks – Lloyds-HBOS, HSBC, Barclays and RBS – are expected to pay out up to £9 billion compensation for PPI, making it [...]
May 16, 2011
Tags: banks, borrowing, Credit Crunch, Loan calculator, loans, personal loans Posted in: Bankers, Banks, Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Lenders, Uncategorized No Comments
