Sentences with phrase «borrowing at a steady rate»
He revealed he is trying to reduce borrowing at a steady rate and those on high incomes will be made to contribute more.
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The thinking is that, as the bond buying has not worked, then the best way to keep business flowing (and markets steady) would be to keep rates low, which encourages, at least theoretically, companies to borrow, expand and grow the economy.
That in turn allows the company to borrow at an average interest rate of just 2.4 % (barely above the 10 - year U.S. Treasury rate), thus providing management with financial flexibility to grow the company while still providing one of Wall Street's safest and steadiest growing dividends.