Interest rates near top of cycle - B&B

Speaking at the lender’s annual general meeting yesterday, Steven Crawshaw, group chief executive at B&B said: “Whilst economic data at this stage in the cycle is, as always, uncertain we are seeing some return of customer confidence in our core residential lending markets and continue to take the view that we are at or within 25 basis point of the top of the current interest rate cycle.” Crawshaw added that arrears levels for the Group had continued to remain under the industry average levels and that while there had been an increase in arrears these remained within expectations. The ef...