Category: Interest Cap

How Do The Changing Predictions As To Interest Rates Affect You?

In response to the continued vigorous growth of the economy over the past year, and projections that the trend will continue for at least the next couple of years, some economists have projected that interest rates will begin to rise during the first quarter of 2016. This is understandable, as the rise in employment figures has boosted consumer confidence and increased the demand for credit in all areas, from credit card expenditures to home mortgages. Bank of England responds The Bank of England (BOE) would seem poised to raise the rates it charges lending institutions, if only to ensure that lenders’ responses to that demand don’t create another unsustainable bubble… read more >>