Consumers Get Relief from BOE's 25-Basis-Point Interest-Rate Cut -- Market Talk

Dow Jones

2025/02/06

1322 GMT - For consumers, the Bank of England's 25 basis-point rate cut provides some relief by lowering borrowing costs on credit cards, mortgages and other loans, says V12 Retail Finance Limited's Andrew Phillips in a note. "By making borrowing more attractive than saving, it could help stimulate consumption," the managing director says. V12 Retail Finance is part of the Secure Trust Bank Group and is a specialist provider of retail finance offering point of sale credit to customers of retail partners. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 08:22 ET (13:22 GMT)

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V12 Retail Finance is part of the Secure Trust Bank Group and is a specialist provider of retail finance offering point of sale credit to customers of retail partners. (emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 08:22 ET (13:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOE","symbol_name":"黑岩全球成长基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509919276","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509919276","pubTimestamp":1738848120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1322 GMT - For consumers, the Bank of England's 25 basis-point rate cut provides some relief by lowering borrowing costs on credit cards, mortgages and other loans, says V12 Retail Finance Limited's Andrew Phillips in a note. \"By making borrowing more attractive than saving, it could help stimulate consumption,\" the managing director says. 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