19 Mar Inflation hits 3 year high.
Invest in a London property bond, better than savings as Inflation hit 2.3pc in February, above the Bank of England’s 2pc target, for the month. This is an increase on the 1.8% recorded in January, and comes after the Office for Budget Responsibility raised its forecast in the Spring Budget. The interest rate increase for February is the highest in 3.5 years and no doubt will put pressure on more members of the Monetary policy committee to vote for an increase in interest rates. This is not however anticipated any time soon – and in the mean-time it looks like savers will lose out. CPI based inflation figures are expected to peak at 2.7% by the end of year, up on previous forecasts of 2.5%.
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