Bank interest rates remain at 0.5%
Base rate remains at 0.5% and commentators suggest it will not change this year. We have seen swap rates with 5 year Libor at 1.94% and 3 yr money at 1.44%- really low rates by historical standards.
Banks miss leding target
Not quite magic then…? project Merlin was meant to encourage/coerce the big five lenders into lending more to small businesses. However they fell short by £1bn in the first 6 months of the year. In fairness they apparently lent £37bn- although I do wonder on some of these numbers- how much of this is totally [...]
