Investment Week (August 4)
2023/ 08/ 07 by jd in Global News
“The outlook for the UK equity market feels particularly depressed and it is not hard to see why. Even after June’s better-than-expected inflation figures, core UK inflation remains high, which suggests higher interest rates for longer. Commentators are expecting that the base rate, which at 5.25% is at its highest for over 15 years, is likely to peak around 5.75%. This would bring even more pain for mortgage borrowers and greater government borrowing costs to an already faltering economy.”
Tags: 5.25%, 5.75%, Base rate, Borrowers, Depressed, Equity market, Inflation, Interest rates, Mortgage, Outlook, Pain, Peak, UK
