Breaking News
Modest Word of Caution over Interest Rates: Comment from WorldFirst
Edward Hardy, economist at WorldFirst, comments:
“The Bank’s decision to hold policy unchanged today will have surprised no one. With interest rates lying at historic lows for over a year, very few companies are considering how they’d restructure or reformat their business in a rising rates environment.
“The Bank of England is attempting to issue a modest word of caution: interest rates may have to rise at a faster pace than the market currently assumes.
“For SMEs, this is a thinly-veiled message suggesting that they need to keep a watchful eye over their finances. Generous loan terms or credit facilities may not be generous for much longer. With inflation close to topping 3%, this is a theme that will surely be tested in the coming months.”
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AutoRek & Microsoft: Building Resilient & Compliant Finance Infrastructure
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
From Zero to 12 Million Customers. A Decade-Long Partnership of GoTyme Bank and BPC Drives South African Digital Adoption
GoTyme Bank and BPC are marking a decade-long partnership that has taken GoTyme Bank from the start of the project to 12 million customers in South Africa
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Zocks is bringing its AI-automated operational and document intelligence capabilities to the life insurance market
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