Following Wednesday UK inflation announcement, Lenvi (formerly Equiniti), a leading lendtech for major UK lenders such as Santander, Barclays, Metro Bank and Admiral, has commented on the outcome for borrowing amid the cost of living crisis.
Richard Carter, CEO of Lenvi, said:
“With 2023 finishing in a recession and months of turbulence in the UK economy, decreasing inflation will bring hope for households and businesses that the Bank of England may begin to put forward a cut in interest rates, relieving some pressure through reduced borrowing costs.
