Weekly Market Commentary - 24 March 2023

This week it was business as usual for central banks, as the Bank of England and the US Federal Reserve both raised interest rates by a quarter percent. This came despite ongoing struggles in some US regional banks and the saga of Credit Suisse and its acquisition by UBS. While most UK and European banks are in decent shape they are struggling with bond markets where short-term bonds pay more interest than long-term ones, opposite to a bank’s typical business model. Trying to keep deposit rates low for savers is causing money to leave bank accounts for better returns elsewhere, which is broadly the problem currently plaguing the system.

Click here to view the market commentary.

Request more information
Thank you
We will be in touch soon.
Sorry. Something went wrong. Please try again.

You might also be interested in:

Investments
5 pleasantly surprising ways your health improves with age
Investments
63% of Americans are losing sleep over money worries. Here’s how working with a financial planner can help
Investments
Planning your return to the UK? 5 important ways a financial planner can help smooth the transition
Investments
Care to dance? Here are a few great reasons to say “yes”