Tag: Interest Rates

UK Interest Rates Drop To All Time Low

The Bank of England dropped interest rates by 0.5% to 1.5%, the lowest level ever. This is unlikely to have much effect on the level of bank lending as banks will take the opportunity to wider the spread between the rate thay borrow at and the rate they lend at. The 363 rule of banking, […]

January 8, 2009 | 0 Comments More