The Bank of England (BoE) and Federal Reserve have hinted that further rate rises are on the cards in order to tame rising inflation.
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Today’s Podcast Summary
· Wholesale market rates point to a rate rise.
· Inflation in the UK is currently 10.1%.
· The BoE inflation target rate is 2%!
· What do you think the BoE are going to do?
· This will officially put the economy into recession, cause property prices to fall and more homeowners lose their houses through repossession.
· Do they care?
· RICS report predicts a fall in property prices of around 5%.
· Opportunities for first time buyers and property investors as prices fall.
· Blackstone have just raised $30 billion to buy property.
What is your biggest money worry?
Watch video version https://youtu.be/ziTf2jOagB8
We are living in challenging economic times.
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· Get control of your finances and spending?
· Save and invest for your future?
· Learn about money and finance?
To help you, I am running a free training webinar.
3 Steps To Success Money Management!
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