The Financial Outlook for Personal Investors: Biggest Interest Rate Hike In 27 Years

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Simon Rose

The Financial Outlook for Personal Investors: Biggest Interest Rate Hike In 27 Years

Simon Rose
Original Broadcast:

The Financial Outlook for Personal Investors

The Financial Outlook for Personal Investors: Biggest Interest Rate Hike In 27 Years
Laith Khalaf of A J Bell explains why there was muted market reaction to the Bank of England's MPC increasing interest rates to 1.75%, the biggest increase in 27 years. With MPC members voting 8-1 in favour of the increase, Laith thought the Bank's forecast of 13% CPI inflation this winter showed them to be yet again behind the curve. If Liz Truss wins the Conservative Party leadership contest, Laith wondered if the MPC's remit – to keep inflation to 2% – might be under review.
Guest:

Laith Khalaf


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