Global Markets get Jitters

Rising interest rates across the globe have come about because of worries over inflation. Inflation has been a menace in many countries due to high oil prices and unchecked consumer spending.

With higher interest rates those with borrowings find their belts tightening and have less to spend which squeezes the amount of money available to put into the shops and ultimately shareholders and investors.

Many analysts believe that there will be a bumpy ride ahead for the stock markets as the global economy tries to slow down gently rather than slip into recession.

For those with debts, your fixed rate deals will be unaffected but new borrowing will get more expensive and fixed rate mortages ending soon will jump to a much higher rate than might be comfortable.

If your debts are becoming a concern now is probably a better time than any to get them sorted because if things did go bad, there can sometimes be less options open with lenders.

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