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P2P Lenders More Attractive as Bank of England Keeps Rates Low
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P2P Lenders More Attractive as Bank of England Keeps Rates Low

P2P Lenders More Attractive as Bank of England Keeps Rates Low

Todd Anderson·
EuropeFintechNews Roundup
·May. 11, 2018·1 min read

The Bank of England decided to keep rates steady at 0.5 percent which will be a big benefit to P2P lenders; though P2P lenders have said that with the industry being more mature they would be able to withstand rate hikes; Stuart Law, the CEO of Assetz Capital, tells AltFi: “Peer-to-peer lending certainly benefited in its early years from the low yield environment but the industry is now much more mature, so interest rate hikes pose significantly less of a theoretical danger.”; to reach levels seen before the crisis the BoE would need to raise rates many times of the next few years, a slow steady trend is more likely. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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Bank of Englandinterest ratesp2p lending
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