LONDON, DUBAI, UNITED KINGDOM, February 1, 2022 /EINPresswire.com/ -- All eyes are on the Bank of England this week in anticipation of further rate hikes from the powers that be in the City. With inflation at a 30 year high, British households are facing mounting pressure from soaring utility prices and the escalating cost of groceries. In December 2021, it was declared that the official inflation rate now stands at 5.4%, highs that have not been seen since 1992, but the news came with a stark warning from the Bank of England; this may not be the end and rates of 6% may be on the horizon.
Economists across the City are expecting interest rates to rise, doubling its existing value, and bringing it to 0.5%. In a move speculated to curb runaway inflation levels, experts are
Hudson is not alone in his forecasts, as experts admit that the rate of inflation has not been growing in unison with salary rises. HULT Private Capital has been supporting an increasing flurry of investors from their London offices, with many people questioning how to best protect themselves for the future. John Hudson explained: “even final salary pensions with the typical 2.5% inflation protection built in will be of little consolation in such uncertain times. The importance of ensuring one’s hard-earned money continues to work hard in the face of economic adversity remains our priority, but it is now also at the forefront of the minds of many bewildered investors.”
As we await the update from the Bank of England on Thursday, the real question is whether the Monetary Policy Committee’s intentions are to truly to limit losses by reducing the balance sheet in with a series of commitments in the longer term.
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