The Bank of England has made its biggest interest rate hike in 27 years, but wealth managers remain concerned about what is to come.
Following the US Federal Reserve’s decision to keep hiking rates aggressively, the Bank of England (BoE) has decided now is the right time to bring out more “firepower”.
Rates have risen by 0.5 basis points to 1.75 percent.
Paul Craig, a portfolio manager at Quilter Investors, suggested the BoE is worried it could be ...