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...MS reckons households utility bills are likely to be about £500 per year lower at the end of this year than last....
...“Dorcas, we will report you to the CRB tomorrow unless you pay Ksh 1,103 . . . by midnight TODAY,” it said, in a reference to Kenya’s Credit Reference Bureau....
...Borrowers have been stress-tested in recent years to see if they could cope with only a 300bp increase in mortgage rates....
...Ms Padgett noted that debt markets entered the current downturn already in worse shape than in previous cycles, with an increasing number of lower rated issuers following a spate of buyouts that left borrowers...
...However, relying on the indirect effects of its policies in order to meet its central target potentially puts the ECB in an uncomfortable position, according to Ms Holdsworth....
...The yield on the 10-year US Treasury bond, which crossed 1 per cent for the first time since March earlier this month, edged up 0.02 percentage points to 1.10 per cent....
...She pointed to a court decision last autumn to lower the interest rate lenders can charge their borrowers....
...Ms Lagarde added fuel to the sell-off when she said the ECB was not there “to close spreads”....
...“Since 2012, average inflation has been only 1.1 per cent.” Others, such as Daniel Harenberg, an economist at Oxford Economics, believe Ms Lagarde is facing “secular stagnation”....
...Instead, borrowers’ balances are falling, he said....
...Average rates on two-year fixed mortgages at 65 per cent LTV — regarded as lower-risk borrowing — have risen from 1.66 per cent on July 1 to 1.96 per cent on October 22, according to finance website Moneyfacts...
...Borrowers only start paying interest in the second year....
...Ms Munby told MPs that it was recognised that there “would be fraud because of choices about the design of the scheme”....
...That exclusion is causing undue pain to borrowers whose loans underpin the $1.2tn market for commercial mortgage-backed securities, according to analysts....
...It also ushered in a remaking of Europe’s bond markets, with the EU itself for the first time set to become one of the region’s largest borrowers....
...The state granted its guarantee to most borrowers with no strings attached....
...Ms Coles says investors should not feel uncomfortable with placing funds with small lenders with unfamiliar names....
...*This article has been amended to clarify the remarks by Ms Renaud-Basso...
...“This is severe economic stress,” says Ms Overby....
...Borrowers will be unaffected, the companies said. Kabbage has also continued to develop non-lending products including business checking accounts and cash flow management tools....
...Ms Anderson of the Banking Policy Institute said banks were also struggling to find borrowers who met the programme’s requirements of being creditworthy enough to receive loans, but not creditworthy enough...
...Since April 1, developing countries have raised more than $100bn on international bond markets....
...Using the example of a borrower with a £200,000 repayment mortgage over 25 years with a standard variable rate deal of 5 per cent, a half-point rate cut would reduce monthly payments from £1,169 to £1,111...
...The price of gold has risen steadily from just under $1,500 an ounce in March to $2,075 in early August, though it has fallen 11 per cent to below $1,900 in recent days, according to Refinitiv data....
...Now, however, the $1.3tn industry — about 60 per cent bigger than it was back then — is facing an entirely different set of threats....
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