Sentences with phrase «digit interest rates meant»

Canadians were better savers in the 1980s in large part because it paid off: double - digit interest rates meant double - digit rates of return on GICs and savings accounts.

Not exact matches

This year, Mr Mahama said, «we are going to bring it down to 5.3 %, then it means that inflation will gradually come down; we are looking to bring inflation back down to a single digit, then once inflation is coming down, then interest rates will gradually follow, and, so, the prospects look very good and I am very bullish about the Ghanaian economy.»

And for the person with bad credit, that means personal loan interest rates can venture into the double digits (think 20 % to 30 % APR).

Even one error could mean the difference between a great score with a low rate loan and a bad credit score with a rate in the double - digits, causing you to pay thousands in additional interest every year.

Now that we're becoming established in different parts of the country, more and more of our early customers are reaching the Prime rung of the Ladder where those levels are available, meaning that they have access to installment loans with interest rates as low as 29 % (for comparison, installment loan rates offered by payday lenders are typically well into the triple digits).

This means they are extremely sensitive to changes in interest rates: even a modest move can cause the value of these funds to rise or fall by double digits.