Here's our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
Interest rates ‘won't rise' until 2017 City traders believe interest rates, currently stuck at record lows, will remain at present levels following a further slump in oil prices and market volatility, the Sunday Times reports. The paper said just one week ago traders were betting the Bank of England would increase rates in autumn 2016. However, they now put the chances of that at just 45%, with many predicting it will eventually happen in February 2017. Interest rates have been fixed at 0.5% since March 2009 when they were dramatically reduced following the financial crisis. The...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
