Archives for 2 May 2007
UK Interest Rates
According to experts, the concern surrounding wage-driven inflation must be addressed by the Bank of England by setting an interest rate target of 5.75% to be achieved by mid June. It is expected that during May, interest rates are likely to increase from 5.25% to 5.5%. However, according to the National Institute for Economic and […]
Store card market set to change
Store card providers will now have to print warnings on statements if they charge customers high interest rates.
Any providers whose rates are 25 per cent APR or more will have to print the warnings and will also have to include a summary box outlining rates interest payments, charges and the dangers of only repaying […]