British buy-to-let lender Paragon Banking Group on Tuesday forecast annual net interest margin at the upper end of previous outlook, but flagged softer consumer and business sentiment amid political and geopolitical uncertainty.
The volatility along with an uncertain interest rate outlook has pushed borrowers and businesses into wait-and-see mode, forcing Paragon to reprice mortgages six times more often than usual, CEO Nigel Terrington told Reuters.
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Source: Reuters | Published: 2026-06-02T14:49:53Z
Credit: Reuters
