This is Money Podcast Interest rate decision divides Bank of England - what does it tell us about the economy?
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Aug 8, 2025 The recent interest rate cut by the Bank of England has sparked a divided reaction among the Monetary Policy Committee, reflecting the current economic uncertainty. The podcast dives into council tax disparities affecting wealthier areas and the complications of property valuations. An eye-opening story highlights an elderly couple misled about a costly plumbing issue that could have been resolved for free. Additionally, insights are shared on seeking compensation amid the car finance scandal, offering guidance for those with missing paperwork.
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MPC Vote Exposed Deep Uncertainty
- The MPC vote exposed a deep split between holding to fight inflation and cutting to boost growth.
- Markets grew less certain about further cuts after the narrow 5-4 decision.
Grocery Bills Are Pushing Inflation
- Lee Boyce warns that grocery bills and national insurance hikes are pushing inflation back up.[...]
- That tension helps explain why some policymakers favoured holding rates despite weak growth.
Most Mortgages Won't Change Immediately
- Helen Crane notes most homeowners on fixed deals won't see immediate change when the base rate falls.
- Tracker and SVR borrowers see swift cuts but lenders often price changes into future fixed rates.