Bank of England’s interest rate rise tomorrow: Brokers and agents across the City give their two cents
- On August 3, 2022
- By GrowthInvest Marketing
The governor of the Bank of England, Andrew Bailey, and the rest of the monetary policy committee will hike interest rates 50 basis points this Thursday.
The main reason? Living costs are up 9.4 per cent over the last year, crimping households and businesses and threatening to plunge the UK economy into recession.
Energy prices have been propelled by Russia’s invasion of Ukraine jolting the European gas market, which could lead to a more than 60 per cent rise in the price cap in October.
Ahead of the Bank of England’s rate decision this week, City A.M. asked a selection of wealth managers, financial advisors, brokers and estate agents whether they think rates should be increased, and why?
GET IN TOUCH!
CALL US020 7071 3945
FOLLOW US ON
Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.
GrowthInvest is a trading name of EIS Platforms Limited. EIS Platforms Limited (FRN: 694945) is an appointed representative of Sapphire Capital Partners LLP (FRN:565716) which is authorised and regulated by the Financial Conduct Authority in the UK.
All rights reserved 2023 @ growthinvest