Tag Archives: Rate

Lower GDP Growth Rate in US

June 30, 2010   Alexander Stewart   No comments

The US economy has shown a sluggish rate of growth his year. This can be attributed to many factors. One of them is the rise of imports by this country. The reduced spending by the US citizens can also be held accountable for such a slow growth rate of this economy. According to the commerce department of the country, this was the increase in the GDP for the period from January to March. The government had expected this rate of growth to be 3 percent. It had also released estimates of this rate of growth. In the last, quarter of last year the rate of growth of 5.6 percent. The latest revision had little impact on the financial markets. The Dow Jones industrial average rose about 10 points in the first hour of trading.

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  Tags: Rate

Credit card rates higher despite falling base rate and calls for fairness

April 24, 2009   admin   No comments

Credit card companies are charging their customers more in interest rates and charges than they were 12 months ago, despite the base rate falling 4.5 per cent since April 2008, according to research from Which?.

Despite calls from the Government for companies not to put additional pressure on households when they are at their most vulnerable, the consumer watchdog has discovered that providers have found a number of methods for squeezing more cash out of their customers.

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  Tags: Base Rate, Credit Card, Rate