Roberts Financial - BASE RATE ANNOUNCEMENT

BASE RATE ANNOUNCEMENT - NOV 2nd 2023

The Bank of England has held the Base Rate at the 15-year high of 5.25%.
The Bank of England has opted to hold the Base Rate at 5.25%.
The BoE Base Rate being held at 5.25% was predicted in the markets after inflation remained at 6.7%.
The hold in the BoE rate at 5.25% was predicted in the markets and comes on the back of ECB (European) and Fed (US) rate holds.
In changing times, investors should keep a cool head and a well-diversified portfolio. Omnis spread your investments across different asset classes, global regions and styles which can smooth returns and reduce the risks to which you are exposed.
Did you know a typical mortgage deal now has an interest rate of around 6%?
Annuity rates are based on the long-term price of government bonds which in turn are closely linked to the long-term expectation of the Base Rate.
Offset mortgage rates can be slightly higher than two- and five-year fixed-rates. However, an offset mortgage allows you to reduce the interest you pay each month by linking your savings.

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