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Excellent question and just the one I was going to ask.
Seems to me they are manipulating interest rates to the advantage of some groups to the disadvantage of others.
This may be acceptable as a short term measure in order to stimulate the economy however 10 years and counting means it has become entrenched as a means of redistributing wealth which is outside the remit of the bank.
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What is the present value of an investment if its future value is 10000 for 6 years?
$7,903.50 if the intrest rate is 4% (A high bank intrest rate percentage)
Where would it be possible to find out what the Bank of England base rate is?
One can find out the base rate of the Bank of England at ICAEW. One can look up the Bank of England's base rate and can show one the official base rates.
Interest rate of cash credit account of sbi?
10 Lakh ka cash credit account ka kya sbi bank ka intrest rate hai
What interest rates does HSBC Bank offer on certificates of deposit?
There is a very high interest rate on HSBC bank offer on certificates of deposit. This is because the bank could make more money for itself through collected interest rates.
What is the English base rate?
Same as the Bank of England base rate - the key interest rate figure for loans etc which is set monthly by the Bank of England (usually the first Thursday of each month)
What is a fee for the use of money?
intrest rate
What is an acceptable intrest rate for a 36 month IRA CD?
Rates vary significantly from bank to bank. According to BankRate.com, the highest rate available for a 36 month IRA CD is just a hair under 2.5% (Discover Bank and Ally Bank). The Interest Rate for an IRA varies depending on lenght. 36 month IRA CDs can have interest rates of 1.85% APR.
What is a high interest rate on a personal loan?
what is the currnet rate of personel loan intrest
How does the inflation rate affects the interest rates in India?
since the prices continues 2 increase. The poorer become more poor and rich people bcum more rich.Hence it affects the banks n the intrest rate goes high.
What is the interst rate for wellsfargo bank?
Interest rates vary depending on what you are looking for. A loan, a bank account or a credit card. Your own credit score also changes the interest rate you will get from most banks. On average Wells Fargo intrest rates for loans vary from between 3.943% up to 5.251%.
Factors affecting exchange rate?
government policy intrest rate parity balance of payment changes
Does blackhorse finance offer bad credit loans?
Yes! They do offer bad credit loans to those whose score is poor. You may have a higher intrest rate, and higher payment but they will help with financing.
