Archives for February 2011

Invoice Finance Interest Rates

Interesting to compare the cost of money today, as compared to the past. The Bank of England’s Monetary Policy Committee today held Base rate at 0.5% – and it’s been that rate since the 5th March 2009. In January 2001 it was 6% and in January 1991 a hefty 13.875%. Money is cheap in comparison, assuming the bank will lend it to you, but businesses need to watch for the little tricks some lenders apply by way of minimum base rates.