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Peer2Peer Finance News | November 24, 2017

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base rate

Zopa says rate hike will not impact loan performance

November 3, 2017 |

ZOPA has reassured investors that the Bank of England’s interest rate hike will not impact the performance of the peer-to-peer platform’s loans.

On Thursday, the central bank raised the base rate from 0.25 per cent to 0.5 per cent – … Read More

Consumer borrowing surges ahead of forecast rate rise

October 30, 2017 |

NEW figures from the Bank of England have revealed that consumer lending rose 9.9 per cent in September compared to the same month last year.

Data from the central bank, released on Monday, showed that net consumer credit increased by … Read More

Bank of England urged to delay base rate rise

October 16, 2017 |

AN INTEREST rate hike before the end of the year is unnecessary and should be avoided, a high-profile forecasting body has warned.

In its Autumn Forecast, the EY Item Club noted that the Bank of England’s Monetary Policy Committee (MPC) … Read More

Carney shoots down speculation of rate increase

June 20, 2017 |

BANK OF England Governor Mark Carney (pictured) has hinted that there will not be an increase in the base rate for some time, which could spell good news for peer-to-peer lending platforms.

His comments came less than a week after … Read More

Ratesetter doubles new investor accounts since base rate cut

September 16, 2016 |

RATESETTER has seen a surge of new investment since interest rates were cut one month ago, fueling hopes that more investors will turn to peer-to-peer lenders as the 0.25 per cent base rate is held for a second month.

The platform … Read More

Savers search for better deals as inflation rate stagnates

September 13, 2016 |

The UK inflation rate remained unchanged at 0.6 per cent in August, according to official figures released today, despite the base rate cuts earlier that month and the weaker pound.

This follows evidence from Hargreaves Lansdown that shows savers are … Read More