CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Steve Gowler, CEO, RCI Bank, comments on today’s base rate announcement
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Steve Gowler, CEO, RCI Bank, comments on today’s base rate announcement PDF Print E-mail
Friday, 11 December 2015

Steve Gowler, CEO, RCI Bank, comments on today’s base rate announcement: “The Bank of England base rate once again remains static.  As our Savings2025 report with Cebr forecasts, it is likely to rise at the start of 2017, increasing to a steady state of 2% by the end of 2018, where it will remain static until 2025.  Average savings interest rates are forecast to increase by 1 percentage point, up to an average rate of 2.3% at the same time.

“It’s clear that any rate rise will affect people in different ways, with some people having to balance a rise in mortgage payments as a result. In order to protect themselves from any negative impact, we urge borrowers to start saving now and create a safeguard from repayments increases. As Mark Carney advises, people should start preparing for a potential base rate rise now to soften the blow of when it eventually happens.“
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197