Interest Rates The base rate of interest in the UK remains at 0.5%, an all time low. The cautionary note came from the notes to the last MPC meeting which showed 2 of the panel voting for a rise, this is the first real split in opinion for some time. So does this mean interest
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The European Central Bank (ECB) has today announced a cut in it’s base rate of interest to 0.50% This is nothing unexpected but does highlight a few interesting developments in the Eurozone. First things first, what is a base rate? Base rate is a commonly used term, think of it as the base level from
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The media have been quick to jump on the UK’s loss of their AAA credit rating this week, but what is it and what does it actually mean? Credit Ratings are issued by independent companies such as ‘Moodys’ or ‘Standard and Poors’, they sell their analysis and intelligence to other companies, investors, banks etc. It
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