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£5k invested in FTSE banks before interest rates started to rise is now worth...
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£5k invested in FTSE banks before interest rates started to rise is now worth...
At the December 2021 meeting of the Bank of England, the committee decided to raise interest rates by 0.15% to 0.25%. This was the first move that signalled the intent to raise rates to start fighting rising inflation. Over the next couple of years, the base rate rocketed higher to 5.25%. FTSE banking stocks benefited from this, with any investment made in late 2021 looking very attractive now. Leading the charge I’m going to assume that instead…
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