Bank of England holds rates at 5.25% with MPC divided
Committee voted by a majority of 6-3 for the hold
Macro News
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‘Volatility will likely pick up again’: Fed holds fire again as Powell strikes more dovish tone
Chair Jerome Powell’s commentary was where interest lay
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AIC survey: Advisers and wealth managers ‘deeply sceptical’ about fund sustainability claims
Only 24% of advisers see ESG investing bolstering investment company performance
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Weekly outlook: Monetary policy decisions from the Fed, Bank of England and BoJ due
Key events for UK wealth managers for the week starting 30 October
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ECB holds interest rates at 4% after 10 back-to-back hikes
Commentators debate the likely path ahead for monetary policy
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House of Lords announces inquiry into regulatory bodies
Call for evidence inquires on relationship between government and regulators
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UK unemployment edges up to 4.2% as ‘experimental’ calculation used
ONS introduces new process which uses tax data and benefit claims
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AJ Bell: Tracker fund charge discrepancies are eating into investor capital
Some tracker fund charges are costing 20 times the cheapest possible rate
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Tatton enjoys 7.7% asset increase in half-year results
£910m in organic net inflows and £100m in market and investment performance
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‘Narrative-ruining’ inflation print stays at 6.7% in September
UK CPI is ‘trapped between the push and pull of prices at the pump and those on supermarket shelves’, warn experts
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UK wage growth rises above inflation for first time since October 2021
7.8% increase between June and August
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Nine out of ten private investors report ‘rarely or never’ attending AGMs, says AIC
60% of respondents also report ‘rarely or never’ voting their shares
