{"id":122794,"date":"2021-10-24T14:30:04","date_gmt":"2021-10-24T07:30:04","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rates-may-be-rising-soon-will-your-finances-stand-the-strain\/"},"modified":"2021-10-24T15:04:26","modified_gmt":"2021-10-24T08:04:26","slug":"interest-rates-may-be-rising-soon-will-your-finances-stand-the-strain","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rates-may-be-rising-soon-will-your-finances-stand-the-strain\/","title":{"rendered":"Interest rates may be rising soon. Will your finances stand the strain?"},"content":{"rendered":"


\nMarket-watchers are expecting an increase as early as next month. Here\u2019s how it would hit mortgages, savings and debtThe era of rock-bottom interest rates could soon be at an end. Expectations are growing that the Bank of England could raise rates as early as next month to tackle rising inflation \u2013 a move that could affect mortgage repayments, savings rates and how much of their debts people will be able to pay off.Interest rates are at a historic low of 0.1% but commentators expect an 0.15% increase in the coming weeks and two additional 0.25% rises next year, bringing borrowing rates back to the 0.75% level seen before the pandemic. Last week, analysts at Goldman Sachs predicted that the Bank would raise rates in November, February and May. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Interest rates may be rising soon. Will your finances stand the strain?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Market-watchers are expecting an increase as early as next month. Here\u2019s how it would hit...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122794","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vWy","jetpack-related-posts":[{"id":69668,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savings-interest-rates-shop-around-to-beat-inflation\/","url_meta":{"origin":122794,"position":0},"title":"Savings interest rates: shop around to beat inflation","date":"October 21, 2017","format":false,"excerpt":"\r Savers should seek out the best rates to mitigate rising prices \u2013 it will make a big difference to their pocketsSavings interest rates have been steadily rising in recent months, and while account holders will struggle to beat inflation (which rose this week to 3%) experts claim individuals can,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-race-to-raise-deposit-rates-the-harbinger-that-could-deflate-hong-kongs-property-bubble\/","url_meta":{"origin":122794,"position":1},"title":"Is the race to raise deposit rates the harbinger that could deflate Hong Kong\u2019s property bubble?","date":"May 22, 2018","format":false,"excerpt":"\r Many of Hong Kong\u2019s largest banks have been in a race to promote fixed-time deposit schemes, themed around Mother\u2019s Day with offers of higher interest rates to attract more savings \u2013 a clear sign that lenders are scrapping over new customers as more capital continues to flow out of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-demand-for-mortgages-slumps-as-interest-rates-deter-buyers\/","url_meta":{"origin":122794,"position":2},"title":"UK demand for mortgages slumps as interest rates deter buyers","date":"January 31, 2023","format":false,"excerpt":"\r Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising interest rates, the latest official figures show.The Bank of England\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-poised-to-raise-uk-interest-rates-to-5-25\/","url_meta":{"origin":122794,"position":3},"title":"Bank of England poised to raise UK interest rates to 5.25%","date":"August 3, 2023","format":false,"excerpt":"\r Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts\u2018It\u2019s a bloodbath\u2019: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursday as it tries to bring down inflation with a 14th consecutive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tesco-is-latest-bank-to-cut-interest-rates-by-more-than-boe-base-rate\/","url_meta":{"origin":122794,"position":4},"title":"Tesco is latest bank to cut interest rates by more than BoE base rate","date":"August 10, 2016","format":false,"excerpt":"\r Payments on internet saver and instant access savings accounts cut by 0.35 percentage points in November \u2013 more than 0.25 base rate reductionTesco Bank has become the latest savings provider to cut interest rates for existing customers by more than the fall in the Bank of England base rate.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leeds-building-society-makes-rate-promise\/","url_meta":{"origin":122794,"position":5},"title":"Leeds building society makes rate promise","date":"September 24, 2017","format":false,"excerpt":"\r Minimum of 0.5% will be guaranteed on savings accounts from the end of OctoberBeleaguered savers have been given a small ray of hope in the current era of low interest rates after Leeds building society said it would guarantee a minimum of 0.5% on savings accounts.The society, the fifth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122794"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122794"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122794\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}