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Maybe it's not such a great thing to raise interest as quickly as has happened. Like it sounds like sensible raises when you look at percentage points, but if y
by im3w1l 3y ago
Maybe it's not such a great thing to raise interest as quickly as has happened. Like it sounds like sensible raises when you look at percentage points, but if you look instead at the percentages, then it becomes clear that it's a huge and quick shift. If cost of borrowing doubles (I don't know the actual numbers off the top of my head) that's bound to cause some stress.
I don't think the full blame lies with greedy banks here.