IFAs and financial planning specialists are sharing their views ahead of what has been forecasted to be the biggest interest rate hike in more than 30 years.
Today (3 November) will see the Bank of England (BoE) announce its latest decision on interest rates, which are expected to increase by 0.75% to curb against the UK's mammoth inflation of 10.1%. "Like the White Rabbit in Alice in Wonderland, Andrew Bailey and the BoE are so late they have no choice but to deliver the 0.75% rate hike everyone has already priced in," said IronMarket chief executive Wes Wilkes. Thera Wealth Management owner Philip Dragoumis agreed it is likely the bank will match the European Central Bank and Federal Reserve System's recent decisions despite the severity...
To continue reading this article...
Join Professional Adviser
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.
