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Peer2Peer Finance News | January 16, 2018

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interest rates

Bad news for savers as Bank of England holds interest rates

December 14, 2017 |

THE BANK of England has kept interest rates on hold this month despite rising inflation.

The Bank’s monetary policy committee (MPC) held the base rate at 0.5 per cent on Thursday, following an increase in November – the first rate hike … Read More

Strain on households persists as inflation holds steady

November 14, 2017 |

INFLATION remained at a five-year high of three per cent last month, putting continued strain on the budgets of UK households.

Economists suggested Consumer Price Inflation (CPI) has now reached a peak, but warned the headline figure masks an increase … Read More

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

A boost for savers? Interest rates hiked for first time in a decade

November 2, 2017 |

INTEREST rates have been increased for the first time in a decade, prompting speculation about whether savers may start seeing better returns.

The Bank of England’s monetary policy committee increased the base rate from 0.25 per cent to 0.5 per … Read More

RateSetter: BoE rate hike will have limited benefits for savers

October 31, 2017 |

RATESETTER has said that a forecast interest rate rise on Thursday would have limited positive effects on savers and moved to reassure investors that its business model would thrive in a higher interest rate environment.

The ‘big three’ peer-to-peer lender … Read More

Credit boom will leave households vulnerable when rates rise

October 27, 2017 |

AN INTEREST rate hike could leave over-leveraged households short of money, S&P Global Ratings has warned.

A report by the credit ratings and research agency found consumer lending across the world’s developed countries reached $29.6trn (£22.6trn) at the end of … Read More

Cash ISA savers left £4bn short by inflation

October 20, 2017 |

LOW cash ISA rates and high inflation have left UK savers £3.81bn short, research claims.

Investing platform Willis Owen claims the £270bn held in cash ISAs would be worth £273.5bn based on the average rate in September of 1.013 per … Read More

The savings squeeze continues as inflation hits five-year high

October 17, 2017 |

INTEREST-STARVED savers have been hit with more bad news after inflation hit a five-year high.

The Office for National Statistics reported consumer price inflation (CPI) was three per cent in September, up from 2.9 per cent in August and the … 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

From regulation to securitisation, a year in the life of Peer2Peer Finance News

September 12, 2017 |

It has been a busy and at times frantic first year at Peer2Peer Finance News. Here are some of the key moments of the past 12 months.

September 2016 Peer2Peer Finance News launched just a month after interest rates had been … Read More