mark carney

03 November 2017

What does the interest rate decision mean for you?

On 2 November 2017 the Bank of England's Monetary Policy Committee voted 7-2 in favour of raising the interest rate from 0.25% to 0.5%. What will that decision mean for you? Investec's Chief Economist, Phil Shaw, analyses the decision's effect on investments, exchange rates, savings and mortgages.

Phil Shaw

Chief Economist


‘The key impact on investment portfolios is that when you raise interest rates you make other assets look a little bit less attractive’

Phil Shaw

‘The key impact on investment portfolios is that when you raise interest rates you make other assets look a little bit less attractive’

Phil Shaw


Read more

First rate rise in a decade, but will Brexit battles put the brakes on second hike?

By Victoria Clarke
UK, 3 November 2017

Markets ponder timing of further rate rises after Governor Carney hints MPC would await further clarity on key elements of Brexit before enacting next move.

Market Brief: Bank hikes but sterling plummets

By Kevin Musisi
UK, 3 November 2017

As I type, Sterling is currently trading at 1.3040 and 1.1200 against the Dollar and Euro respectively – a near 2% fall in last 24 hours.

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