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Source: Loan Digest (loandigest.net)
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Interest rates are returning to the old normal\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t Agree, the current interest rate of 3% which is deemed high today was classed as very low at end of 2008 and for the 15 years prior to that was always within the 4.5 to 7% band. 7% mortgages and rising to likely over 8% is old normal? Its a sign of the Fed sleeping at the wheels at best...
Source: FT - 🏆 113. / 51 Read more »
Britain faces 'longest recession in history' as Bank of England hikes interest rate 0.75% to 3%Bank of England governor Andrew Bailey warns of 'tough road ahead' as interest rates are hiked to 3% and Britain faces 'longest recession in history' Now that Camelot's history, it's a no-brainer that far less dosh will end up where it's really needed, nobody can trust the Westminster goons on doing anything that's actually their job in the first place - Fancy! There are three ways to reduce the amount of money & restore its value, inflation, interest rates or Income Tax. I don’t have debt so am only paying inflation. Interest rates target people with no money in debt whilst I by having an income pay nothing. That is total madness.
Source: LBC - 🏆 17. / 74 Read more »
Millions face mortgage misery: What the Bank of England's interest rate rise means for youThe Bank of England hiked interest rates by 0.75 per cent to 3 per cent on Thursday. 'We can only change things from within' Margaret Hilda Thatcher, referring to the EU of course - Hooray!
Source: LBC - 🏆 17. / 74 Read more »
Andrew Marr: 'today's interest rate hike will come with a huge human cost'The Bank of England's historically sharp interest rate hike on Thursday - the steepest increase for 30 years - will bring a 'huge human cost', Andrew Marr has said. Bear in mind that we do not know we are in recession nor that it will be long , it’s just the BOE telling us that we are -does anyone feel as though they are in recession? Neighbours losing their house or job , is your employer sacking people , your favourite pub or eatery closed Soooo, lots of people will die? How many of you poofs died when it was 12% Dramatic much!!
Source: LBC - 🏆 17. / 74 Read more »
Interest Rates Have Gone Up – And These Graphs Show Just How Bad That IsThe Bank of England's latest statement is a big deal.
Source: HuffPostUK - 🏆 108. / 51 Read more »