- Watch Lunch Money on what the Bank of England’s decision means for people
The Bank of England held its base rate again today – the fourth since September.
Rates almost certainly peaked during this cycle, but are stuck at 5.25 percent, while mortgage and savings rates have fallen significantly.
In this episode of Lunch Money, Lee Boyce and Simon Lambert look at what maintaining the base rate means for borrowers and savers.
They discuss whether mortgage and savings rates will continue to fall and when the Bank of England might cut them.
Peaking: How the Bank of England’s base rate hikes have stabilized
A rate decision also arrived yesterday evening on the other side of the Atlantic, with the US Federal Reserve also maintaining rates. But for investors, it’s less about what the Fed did and more about what it said.
Interactive Investor’s Victoria Scholar explains the Fed’s decision, the market’s reaction and what rate expectations mean for investors.
And finally, it’s the first of the month, so it’s Bonus Bond Day: we reveal what we know about the savers who won February’s million-pound prizes.