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David holds a Commercial Instrument Pilot rating (fixed wing and rotary wing aircraft) from the Federal Aviation Administration.
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It promises low advertising rates, fixed for five years.
In contrast, the base lending rate fixed by the central bank is a stiff 10.7percentt.
Loans taken out since 2012 have interest rates fixed at RPI plus 3%.
Is the natural rate fixed or does it vary over time?
From then onward, however, the policy of keeping the yuan-dollar rate fixed came to look increasingly bizarre.
From Monday, HSBC will be offering borrowers a 1.99% rate fixed for five years – the lowest ever rate on a mortgage over that period.
It is offering two deals: one with a rate of 4.99% for two years and a second with a 5.49% interest rate fixed for five years.
Instead, they kept their exchange rates fixed, and relied on inflows of private capital to pay for the gap between their imports and their exports.
But China's insistence on keeping the yuan/dollar rate fixed, even when the dollar declines, may be doing even more harm now.
A number of developing countries, including Indonesia, South Korea, and Thailand, attempted to keep their exchange rates fixed by linking them to the dollar.
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CEO of Professional Science Editing for Scientists @ prosciediting.com