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Low base rate doesn’t stop defaults on mortgages
According to recent reports the level of defaults on mortgages loans has increased during the first three months of this year, even though the base interest rate stands at just 0.5 percent, where it...
View ArticleLower Bank Rates to Stimulate the Economy
For the first time in history, the bank rate charged by the Bank of England stands at 0.5%, the sixth straight cut to the rate in an effort to revive the sagging economy. Another policy introduced by...
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