Today news
About the same in other media
Interest Rates: Why the Era of Cheap Money Is Finally Ending
Reading now: 695
John Whittaker, Senior Teaching Fellow in Economics, Lancaster University.____
The Bank of England was widely expected to slightly increase its official bank rate on November 4, but it decided to stick to the all-time low of 0.1%. However, the bank has made it clear that a rise will soon be needed, and the recent increases in mortgage rates indicate that lenders agree. So why the decision to hold off?
The Bank of England is well aware of the distress that higher rates cause for borrowers and, in particular, for the biggest borrower in the land: the UK government. At the current level of national debt, roughly GBP 2trn (USD 2.69trn), every rise in rates by one percentage point pushes up the interest paid by the government on its bonds by GBP
Read more on cryptonews.comAbout this in other media
Moon Rabbit’s $AAA NFT Collection Comes to Art Basel cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
