Interest Rates for Dummies

Interest rates can be confusing. There is a huge range of interest rates – anything from 0% a year to 2,000% on some extortionate pay day loans. Interest rates basically reflect the cost of borrowing money. The most important interest rate is the base rate (or repo Rate) set by the Bank of England. The …

Interest Rate Predictions

Interest rates have remained at record low of 0.5% since March 2009. Interest rates are likely to remain at 0.5% for the next several months because the economy is still struggling to recover from one of the longest recessions on record. In fact economists are now predicting that the current climate of ultra low interest …