August 2024 Economic and Market Report

Chris Proudfoot - Fundhouse

Home » August 2024 Economic and Market Report

Published: 26th September 2024

This Article was Written by: Chris Proudfoot - Fundhouse

  


In August, we learned that consumer prices in the UK rose by 2.2% in the 12 months to July – up from 2.0% in June.

The Bank of England’s Monetary Policy Committee lowered interest rates from 5.25% to 5% on 1st August, which was significant as rates have not been reduced for over four years. The rate cut aimed… economic and market commentary is available to Financial Advisers via our support site. Please register/login here

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