The bank would much prefer low interest rates than higher ones. This is because the banks work on margins not on interst rates in order to make a profit. The higher the rate the more the chance of default and bad debts. Also the bank use the multiplier effect. without giving an economics lesson the bank can lend far more than it borrows as long as it stays within its liquidity ratio. for example the Bank of England sets a liquidity ratio of say 10% The bank borrows £10from a customer. it can lend under the rules £90 to a borrower and stay within the 10 % rule. It pays out interest on £10 and collects interest on £90 and hence makes a large profit.The lower the rate the more customers will lend so it is in its interests to have a low interest economy
it wasn't an independent report , the company was commissioned by RBS to investigate , the fca are still looking into it . lol low interest is bad for banks , you'll know bad for banks next year when interest rates are meant to be going up as will those who have a mortgage .
An atheist , now that's a surprise...as an accountant I'd have thought you consulted the almighty on a regular basis , lol.....If that's the Duggan who plays for England , I'm still not convinced about woman's football. Cute or otherwise .
It is funny (not funny ha ha) that you support Rangers because I have a soft spot for them even though I am a Catholic although I am really an athiest . I suppose it is down to the links that Celtic have with Trafford United. They are not from Manchester so I refuse to put the word Manchester in front of the word United ha ha. I also have a soft spot for FC United the team that was formed by x united fans disgruntled with the Glaziers though in truth the FC United fans tend to support both. They are doing very well again this season and will soon be playing against United as they slip down the leagues.I did say on the City Website I would only go and support the ladies when they signed Loiuse from Chelsea and the guys with girls names who play for Newcastle and Fulham who's names escape me. Check out the girl Duggan who plays for City . She is very cute and if she reads this site I can be very easily pursueded to change alliegance . I had better go and put my tin hat on and wait for the ladies wrath which I have experienced in the past.
Who could ever have doubted them , eh . ....Low interest rates mean the banks are borrowing at historically extremely low rates . Is that saving being passed on to their customers ? I'll let you figure that one out .
At the risk of enraging the ladies on the board .Women and football !!!! That's like Porgy and Jess , Pinky and Porky ,Lennon and McCourtney something just not right about it . Got to stick with your team mate , your English , stiff upper lip and all that . Look at my lot , Rangers kicked down to the lower leagues but the cry is still no surrender , lol.
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