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Have interest rates peaked and what next for savings and mortgages?

This is Money Podcast

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Factors Influencing Interest Rate Decision

In this chapter, the speakers discuss the recent rise in interest rates and the factors that influenced the decision. They highlight that the Bank of England considers various factors beyond just inflation, such as airline prices, when deciding on interest rates. They also discuss the close vote on the decision, with the deciding vote cast by Andrew Bailey, the governor of the Bank of England.

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