Base Rate Rise - March 2023
Posted by siteadmin on Thursday 23rd of March 2023.
- With news of record public borrowing The Bank of England has once again chosen to raise the Base Rates, this time by 0.25% to 4.25%
- The Bank of England has opted for a 0.25% Base Rate rise
- 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
- With the Bank of England raising Base Rates 0.25% to 4.25% diversification can help you through market uncertainty that may emerge
- The 2023 investment outlook from Omnis Investments can be helpful to understand dynamics at play, including interest rates, when it comes to markets and your portfolios https://omnisinvestments.com/news/2023/omnis-2023-outlook
- Inflation increased to 10.4% in February from 10.1% in January – signs that the inflation battle is not over yet has led to the Bank of England raising Base rates once again.
- As widely expected, the Bank of England has raised interest rates by 0.25% points to 4.25% as it continues to battle double-digit inflation.
- Tune in to the Omnis Investments weekly podcast to hear more about what today interest rate increase means for markets. https://omnisinvestments.com/news/weekly-update
- The Bank of England has raised the Base Rate 0.25% to 4.25%. Did you know more than 1.4 million households coming to the end of a fixed rate mortgage in the UK are facing interest rate rises when they remortgage in 2023?
- The Bank of England has raised Base Rates again to 4.25%. If you have a fixed rate mortgage, your monthly payments won't be affected right now
- The Bank of England has again raised the Base Rate. If you have a tracker mortgage linked to the Base Rate, you will already have seen an increase to your monthly payments and are likely to see further rises.
- The Bank of England has again raised the Base Rate. If you have a variable rate mortgage, you may have seen an increase to your monthly payments. Your lender will be in contact explaining the new rate and what you can expect to pay.
- The rising Base Rate enables annuity providers to offer strong guaranteed incomes. The rise to 4.25% can be good news as the income you receive from an annuity can be fixed on the day you purchase.
- The Base Rate rise to 4.25% is good news for savers but high street banks are the least likely to pass on the increase
- Inflation is still out-pacing most interest rates on the high street even with the Bank of England raising Base Rates to 4.25%
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