The Bank of England decided to keep rates steady at 0.5 percent which will be a big benefit to P2P lenders; though P2P lenders have said that with the industry being more mature they would be able to withstand rate hikes; Stuart Law, the CEO of Assetz Capital, tells AltFi: “Peer-to-peer lending certainly benefited in its early years from the low yield environment but the industry is now much more mature, so interest rate hikes pose significantly less of a theoretical danger.”; to reach levels seen before the crisis the BoE would need to raise rates many times of the next few years, a slow steady trend is more likely. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.