Review portfolios against inflation headwind


Source: professionalparaplanner.co.uk professionalparaplanner.co.uk

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Investors should take action to review their investments in light of rising inflation and the Bank of England’s interest rate hike, says deVere Group CEO Nigel Green. On 16 December 2021, the Bank of England policy committee voted 8-1 in favour of raising interest rates from a historic low to 0.25%. It followed the announcement from the Office for National Statistics that inflation hit a 10-year high of 5.1% in November. The interest rate rise also came hot on the heels of the Federal Reserve meeting which set the stage for earlier, faster interest rate hikes, forecasting three rate increases...