Why would the Bank of England cut rates this year?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 2 February 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Bank of England held base rate once again at 5.25 per cent, the fourth hold in succession – but this time, it was a genuine split by MPC members.

So, when will we start seeing rates fall – and will inflation really be at the target 2 per cent by April?

This week, Simon Lambert, Lee Boyce and Georgie Frost discuss what another interest rate pause means for you – and what that means for savings and mortgage rates, along with investors.

Where do you stand on the smart meter debate? With This is Money readers getting in touch to say they’re stuck with faulty devices, are they worth having?

Lee says he still has no plans to get one of the marmite devices while Simon believes they can be worth it, especially for those who are rubbish at submitting meter readings.

We also go back to school and have a maths lesson from Mr Lambert to reveal the six real world calculations you should have in your arsenal to improve your financial health.

And we get on the money therapist’s couch to discuss the pitfalls of getting - and over-using - a joint bank account… should a partner ever be made to feel guilty for spending?

Transcript

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0:00.0	Welcome to This Is Money podcast sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce.
0:09.7	And coming up, while not a consensus, we got another rate hold from the Bank of England this week.
0:15.2	Where will they head next and when? And what will it mean for us?
0:19.1	Also today, smart meters, do you have one?
0:21.8	Our Lee isn't convinced.
0:23.8	Plus, we have a lesson in maths and get on the money therapist couch.
0:28.5	This time it's the pitfalls of getting and overusing a joint bank account.
0:34.0	Don't be getting to update with all the latest breaking money news.
0:36.4	Just go to this ismoney.co.uk or download the app.
0:40.3	Charles Stanley Direct.
0:43.3	Investing made easy.
0:45.3	Cost effective and flexible.
0:49.3	Using our website or app.
0:53.3	With our comprehensive range of investments, trade in shares, funds, investment trusts and
1:00.0	ETFs, there's a range to suit all levels of investor.
1:04.0	Choose your own or consider our ready-made solutions.
1:07.0	Charles Stanley Direct.
1:09.0	Sign up now.
1:10.0	Investment involves risk. But first, the base rate has sign up now. Investment involves risk.
1:11.7	But first, the base rate has been held once again at 5.25%.
1:16.6	No great surprises there.
1:18.7	It was what most of us had been expecting.
	...

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