Latest News Headlines
Commercial Credit News
|BoE cuts interest rate|
|Thursday, 04 August 2016|
Daniel Mahoney responds to the Bank of England’s announcement: “The Bank’s further loosening of monetary policy could prove problematic for the UK economy. The falling pound means that inflationary pressures are already building up, and today’s decision will exacerbate them.
"Costs of servicing the government’s debts have recently fallen to record lows, with five year bonds being sold at just 0.38%. However, it would make little sense for investors to hold onto 0.38% yielding debt in a 3% inflation environment, which may now be reality in the near future. Investor flight, large increases in the cost of government borrowing along with major losses for pension funds are very real possibilities. This is in addition to the longer term problems of asset price inflation and increasing consumer debt.
"These are risks that will need to be carefully monitored over the coming months and years.”
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.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
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.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197