The Bank of England held the base rate on hold today, halting its aggressive streak of rate hikes for the second month in a row.
The Monetary Policy Committee voted 6 to 3 to keep rates at 5.25 percent, but does this mean the base rate has peaked this cycle?
We discuss whether rates could still rise and what this means for you in the latest episode of our new Lunch Money show.
Simon Lambert is joined on today’s show by This is Money’s Lee Boyce and Interactive Investor’s chief investment officer, Victoria Scholar.
Also on the agenda:
- Will mortgage rates continue to get cheaper?
- What do retention rates mean for savers?
- When will interest rates start to fall?
- Why did the US Federal Reserve maintain rates? Have they peaked there?
- Is Nectar Prices helping to boost profits at Sainsbury’s?
Lunch Money, produced in partnership with Interactive Investor, delivers the business and personal finance news you need to know every Tuesday and Thursday at lunchtime.
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