Where next for the base rate? – finance experts respond

Wes Wilkes, CEO at the Newcastle-under-Lyme-based wealth manager, Net-Worth Ntwrk: “Despite the lower than expected inflation numbers today, they are still four times the Bank of England’s target. This may be enough for them to justify another 25bps rise in the base rate in August but the likely sharper fall in inflation mid-August could lead to a pause as we see how the numbers develop. The market looks to be pricing in a lower terminal rate already.”

Where next for the base rate? – finance experts respond

Wes Wilkes, CEO at the Newcastle-under-Lyme-based wealth manager, Net-Worth Ntwrk: “Despite the lower than expected inflation numbers today, they are still four times the Bank of England’s target. This may be enough for them to justify another 25bps rise in the base rate in August but the likely sharper fall in inflation mid-August could lead to a pause as we see how the numbers develop. The market looks to be pricing in a lower terminal rate already.”

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