The Truth About The Interest Rate Rise.
The Bank Of England has raised the bank rate to 4% in an attempt to combat inflation. Accompanying this decision is the MPR report that details their view on the economy and today we look at that report in more detail.
Link from the video:
Full report - https://www.bankofengland.co.uk/monet...
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Timestamps:
00:00 - The Headlines
00:51 - Inflation
04:34 - Interest rates
05:20 - Mortgages and Property
06:52 - GDP & Recession
08:16 - Final thoughts.
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