Why has the Bank of England kept interest rates on hold – and is this the peak? MEAL MONEY

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

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

We discuss whether tariffs could rise and what that 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 Investment at Interactive Investor

Also on the agenda:

  • Will mortgage interest rates continue to be cheaper?
  • What do holding interest rates mean for savers?
  • When do interest rates start to fall?
  • Why did the Federal Reserve leave interest rates where they were – and is that where they peaked?
  • Is the price of nectar helping to boost Sainsbury’s profits?

Produced in partnership with Interactive Investor, Lunch Money delivers the personal finance and business news you need to know every Tuesday and Thursday lunchtime.

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

Sign up for the This is Money newsletter using this link or enter your email address in the box below to make sure you don’t miss the latest episode.

Drew Weisholtz

Drew Weisholtz is a Worldtimetodays U.S. News Reporter based in Canada. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Drew Weisholtz joined Worldtimetodays in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing: DrewWeisholtz@worldtimetodays.com.

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