Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.
Last month the Bank of England (BoE) announced another hike in its benchmark interest rate but hinted that rates may now be nearing a peak, as the tide in its battle with inflation begins to turn.
In our economic update this month we begin by delving into inflation and looking at the actions of the Bank of England and what to expect in forthcoming months. We then cover data which indicates the UK is expected to enter a recession this year. Our regular market update has mixed results in March. Next we discuss retails sales which appear more positive than expected. Finally we finish on Public Sector finances which again appear more positive than anticipated.
Our update this month includes the following headlines:
- Interest rate peak may be approaching
- BoE predicts shallower recession
- Retail sales rebound unexpectedly
- Chancellor receives pre-Budget boost
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It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.