No change following Bank of England rate decrease
As you may have seen, yesterday the Bank of England decided to cut the official base rate from 0.5% to 0.25%, a record low and the first change in seven years. A number of measures have also been introduced aimed at stimulating the UK economy, including an extension to the existing quantitative easing (QE) programme.
We wanted to let you know that there will be no immediate change to the fixed interest rates on the Funding Circle marketplace. We review our rates on a regular basis, where we take into account a number of factors, including macroeconomic conditions. If there are any changes to rates, we will communicate these to you.
Over nearly six years, Funding Circle investors have earned strong, stable returns. You can read more about how returns have performed over time in our recent Digging into the Data blog post here. Remember, by lending to businesses your capital is at risk.
The Funding Circle team.