Ahead of the Bank of England raising rates again, I get the horn for the world of sack kraft paper and paper bags…and shares in Mondi
By Chris Bailey | Thursday 3 August 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I think we can all guess what the Bank of England will choose to do with interest rates later today. However, the real interest will come from what it says on updated future thoughts about inflation, economic growth and hence interest rate decisions over the next six to eighteen months. I know what I think already: the interest rate increases last month and this month will look overtly foolish in early 2024 (not that the Bank of England will ever admit it). As for the world of shares, there are lots of updates and insights to be dealt with today.
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