The Bank of England held base rate today, pausing its aggressive run of rate hikes for the second month in a row.
The Monetary Policy Committee voted 6 to 3 to hold rates at 5.25 per cent but does this mean base rate has now peaked in this cycle?
We discuss whether rates could still go higher and what this means for you on the latest episode of our new show Lunch Money.
Simon Lambert is joined on today’s show by This is Money’s Lee Boyce and interactive investor’s head of investment, Victoria Scholar
Also on the agenda:
- Will mortgage rates continue to get cheaper?
- What does holding rates mean for savers?
- When will interest rates start to fall?
- Why did the US Fed hold rates – and have they peaked there?
- Is Nectar Prices helping to fuel profits at Sainsbury’s?
Lunch Money, produced in partnership with interactive investor, features the personal finance and business news that you need to know about, every Tuesday and Thursday lunchtime.
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