Archive for interest rates

Provident Financial profits rise as Barnardo’s attacks its high interest rates

Provident Financial which lends small sums to borrowers who cannot get credit from mainstream banks reported a rise in firsthalf profits as Barnardo’s attacked its high interests rates.

Lenders that charge 500 per cent on loans should be investigated says charity

Loan sharks should be investigated over the “extortionate” interest rates they charge according to a children’s charity.

Bank of England’s Monetary Policy Committee considering expanding quantitative easing to £150bn

The Bank of England’s Monetary Policy Committee could expand its quantitative easing QE programme from £125bn to £150bn or more on Thursday as it weighs up the prospects for economic recovery at its July meeting.

Sweden cuts rates to record low as European crunch deepens

Sweden’s Riksbank has cut interest rates a quarter point to 0.25pc and signalled emergency stimulus until late2010 fearing that the downturn will prove deeper than previously expected.