Mark Carney Archives - Moore Stephens Financial Services

Interest rates are going up but Cash ISA rates are going down

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Last week Mark Carney, Governor of the Bank of England, pronounced that interest rates in the UK will shortly have to rise. Friday 13th June saw stock markets fall significantly in the wake of this comment. As with last year’s trepidation over the US tapering Quantitative Easing, Carney’s comments caused similar concerns in investment markets. The question is why such comments are causing such dramatic results when it is widely…

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