Interest Rates Unchanged: News For Savers & Investors
August 2nd, 2007
As interest rates are held at 5.75% by the Bank of England, we look at the outlook for savers and investors.
For savers, interest rates are still historically low despite a year of rate rises, however combining this with equity fluctuations, it means that investors need to take a firm grip of their investments.
We have been waiting for the stock market correction to happen, so in many ways this is good news. Now it has arrived we can simply wait it out and then we can all move forward. Interest rates have stuck this month but all indicators point to a future rise, so the outlook is far from being bleak.
Today’s interest rate announcement presents the ideal opportunity for all savers and investors to carry out a portfolio review. Make sure you’re using all the tax benefits available, spread your investments between different companies to reduce your exposure to risk and get professional advice if you are at all concerned or confused.
Author: Philippa Gee
August 2nd, 2007
Category: Investments.
