Independent Financial Life Planners Bishop's Stortford: Despite fears interest rate rises seem ruled out for 2014

Friday, 29 August 2014

Despite fears interest rate rises seem ruled out for 2014

Owing to the sharp falls in inflation UK inflation fell to from 1.9 per cent in June to 1.6 per cent in July, economists across the board seem to be ruling out an increase in interest rates for the rest of the year. Enable of Bishop Stortford can help you think about how to manage your savings, investments, pensions and mortgage in the light of the current financial climate. Financial decisions can always benefit from regular reviews to make sure you keep abreast of changes and developments that are beyond any of our control.

HSBC economist Liz Martins talked to the Daily Telegraph early in the summer saying: “The data support the case for rates to go up later rather than sooner. Given that the [Bank of England’s] expectation was for CPI to stay at 1.9pc, this downside surprise is significant, and Economists argue low inflation, together with downside risks from the Eurozone, mean rate rises this year are “no longer in play”. EY Item Club senior economic adviser Martin Beck said the “only fly in the ointment” was a potential bubble in the housing market, but added this pressure seemed to be easing off.

He said: “Against such a benign inflation backdrop, and with encouraging signs the housing market is coming back under control, there appears to be little pressure on the bank to raise rates.”

Whatever happens with interest rates Enable’s IFA’s of Bishop's Stortford can help you review the impact of changes on your personal finances and looks at possible alternatives with you to try and help improve your spending or you saving.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.