The Bank of England held the base rate today at 5.25 per cent for the third time in a row.
Have we reached the peak? Is it too early to be talking about cuts?
On this episode of Lunch Money, we discuss what the base rate pause means for you, what will happen next to mortgage rates and whether savers should fix now?
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Simon Lambert and Lee Boyce look at the potential impact for savers and borrowers and the question of whether rates have peaked in the UK – and what they might start to fall.
Last night we also had another interest rate decision on the other side of the Atlantic – and it’s the US that sets the tone for the rest of the world.
Victoria Scholar, of interactive investor, talks through what the outlook is for US rates, why that matters and whether a more doveish tone there will give investors a boost.
