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Bank of England holds base rate at 5%

The Bank of England’s Monetary Policy Committee has decided to maintain rates at 5 per cent this month.

The Council of Mortgage Lenders director general Michael Coogan says: “We expected the MPC to hold rates today as it wrestles to control rising inflation in a weaker economic outlook.

“But clearly there are still affordability pressures on borrowers and a widespread funding shortage for lenders. We hope that as the effects of the Bank of England’s liquidity scheme feed through the financial system there will be some benefits for mortgage lenders, and in turn borrowers, later in the year.”


Can the raw run go on?

They say timing is everything. Those canny investors who bought the Aberdeen (now New Star) technology fund in the mid to late 1980s would have seen stellar returns rather than those that simply jumped on the bandwagon in early 2000 just before the bubble burst.

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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