Thursday, April 22nd, 2010
Inflation is back, so when will interest rates rise? Because they will rise! Reuters published a poll of opinions from a panel of 64 economists on 1st April and whilst it masks a range of views, the consensus is a start to the...
Thursday, February 18th, 2010
Bank lending to UK businesses is 8.1% lower than a year ago! Latest official figures show the fastest drop in commercial borrowing since records began. And the credit crunch is not to blame as demand for borrowing remains “muted” in...
Wednesday, February 10th, 2010
The Bank of England's quarterly inflation forecast out today suggests an RPI peak over 3.5% in the next quarter, but then a rapid fall to below 1% in 12 month's time. What I found quite telling was its prediction of...
Its official! Banks still increasing cost of borrowing
Thursday, October 22nd, 2009
Business borrowing rates average 2.5% over Base Rate - up by 0.5% on a year ago - as banks increase profit margins. The Bank of England today published its monetary trends report for October and this shows that the trend appears...