APR

Convert a nominal rate of interest (compounded monthly) to an annual percentage rate.

Interest Rate (%):

The nominal rate of interest applied.

Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.

07 Feb 2025

Rate cut brings 'measure of relief' to business

Businesses will get a 'measure of relief' after interest rates were cut by the Bank of England, the British Chambers of Commerce (BCC) said.

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