July 2024 Economic and Market Report

Home » July 2024 Economic and Market Report Published: 8th August 2024 This Article was Written by: Chris Proudfoot - Fundhouse   Economic & Market Report

In July, we learned that consumer prices in the UK rose by 2.0% in the 12 months to June – the same inflation rate as in May.

At their 31st July meeting, the Bank of England’s (BoE) Monetary Policy Committee lowered interest rates from 5.25% to 5%, which was significant as interest rates have not been cut since March 2020. BoE governor Andrew Bailey confirmed that… economic and market commentary is available to Financial Advisers via our support site. Please register/login here

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