Sentence examples for of this interest rate from inspiring English sources

As a result of this interest rate cut, Halifax's SVR was more than 2% above the Bank of England's rate – leaving some customers confused, as they still believed the rate was capped at 2% not 3%.

But before you can use this interest rate of 1.5% to calculate earned interest, you must convert it from a percentage to a decimal.

This further drop of the interest rate to unprecedented low levels and the additional injection of quantitative easing are likely to put downward pressure on annuity rates".

The whole system for Libor relies on this misguided trust: We leave the setting of this critical interest rate up to the world's biggest banks and their self-diagnosis of their own financial health.

"Most lenders will let you overpay by up to 10% of the mortgage amount per annum, so take advantage of this while interest rates are low," says Mark Harris, chief executive of mortgage broker SPF Private Clients.

"Most lenders will let you overpay by up to 10 per cent of the mortgage amount each year, so it makes sense to take advantage of this while interest rates are low, particularly if you have savings sat in an account not earning much in the way of interest," he said.

That's an unheard-of interest rate, especially in today's economic climate.

A number of government reports released last week renewed fears of inflation and of interest rate increases.

But this type of interest rate inversion is common when the Fed is trying to slow the economy by raising its short-term interest rate target, the federal funds rate.

After growing at a torrid pace earlier this year, the economy cooled off considerably, but the Fed has left the financial markets guessing whether the slowdown has been sufficient for it to declare an end to this cycle of interest rate increases.

This, of course, is the opposite of the stated aim of interest rate caps.