Investors should resist interest rate 'doom-mongering' - adviser

Investors should ignore "doom-mongering market commentators", he said, and instead "carry on" as they would now when the Bank of England (BoE) and the Federal Reserve hike rates, as expected, in the coming months. Last month, the BoE's new deputy governor, Minouche Shafik, hinted to MPs that interest rates were set to rise, and indicated a smooth exit from the low interest rate environment would be one of her biggest challenges. Commentators are worried an interest rate rise could have an adverse effect on markets, but Elliott said the looming rate hike will be different to previous c...