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The Financial Outlook for Personal Investors: The BoE, interest rates & the UK market
Russ Mould of A J Bell wasn't surprised that the Bank of England's Monetary Policy Committee opted for no change in interest rates, though he was surprised that the vote was yet again 7-2. Services inflation is still too high, as is wage growth, for the Bank to be comfortable easing off. He notes that the UK stock market is now worth more than the French, one positive sign. He will be interested to see what the new government does when it comes to planned reforms and the UK market. Have we become too risk-averse?
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By Share PremiumRuss Mould of A J Bell wasn't surprised that the Bank of England's Monetary Policy Committee opted for no change in interest rates, though he was surprised that the vote was yet again 7-2. Services inflation is still too high, as is wage growth, for the Bank to be comfortable easing off. He notes that the UK stock market is now worth more than the French, one positive sign. He will be interested to see what the new government does when it comes to planned reforms and the UK market. Have we become too risk-averse?
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