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Bank of England puts the brakes on: Investments, Savings, Annuities and Mortgages
The Bank of England has finally put the brakes on the relentless rate hiking cycle. A rise had been heavily pencilled in but was wiped off the board by the surprise fall in inflation. Even before the announcement, the markets reacted, with implications for savers, mortgage borrowers and anyone considering an annuity. As the market digested the news that inflation had come down, it decided a rate rise wasn’t so likely after all. As a…
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