Why did the Bank of England hold interest rates – and is this the peak? LUNCH MONEY

Economy
By Liam

By This is money

Updated:

The Bank of England today maintained its base rate, interrupting its aggressive series of rate hikes for the second month in a row.

The Monetary Policy Committee voted 6-3 to keep rates at 5.25 percent, but does that mean the base rate has now reached its peak in this cycle?

We discuss whether the rates can be even higher and what this means for you in the latest episode of our new show Lunch Money.

Simon Lambert is joined on today’s show by Lee Boyce from This is Money and Victoria Scholar, head of investments at interactive investors

Also on the agenda:

  • Will mortgage interest rates become even cheaper?
  • What does maintaining interest rates mean for savers?
  • When will interest rates start to fall?
  • Why did the US Fed hold rates steady – and have rates peaked there?
  • Is Nectar Price contributing to Sainsbury’s profits?

Produced in partnership with an interactive investor, Lunch Money delivers the personal finance and business news you need to know every Tuesday and Thursday afternoon.

You can also watch Lunch Money on the This is Money YouTube channel.

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