No Interest Rate Rise Before the Referendum, says JPMorgan

The Brexit referendum means no interest rate rise, JP Morgan fund managers say. But gilts are still doing well, and they reveal five more bond investment ideas

Karen Kwok 16 March, 2016 | 11:30AM
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There will be no interest rate rise announcement from the Bank of England until after the referendum, according to JP Morgan.

Even after the vote, the UK will need to see better economic growth before rates increase according to Iain Stealey, co-manager of the JP Morgan Global Bond Opportunities fund, speaking at a press briefing in London this week.

In the event that Britain votes to leave the European Union, Stealey said the UK economy would not immediately shut down, and it would take time to figure out the real consequences to the economy.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
JPM Global Bond Opps A (acc) EURH94.23 EUR-0.52Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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