Bank of England Interest Rate Decision June 2024 - My Take

[@simonspencer3108]

Thanks Ramin! Difficult to talk for an hour when nothing changed… lol

[@badkeiser]

I’m waiting to get mortgages and I’m kind of broke till I do but I’d still rather see them do their job properly than do things that suit my personal finances.

[@martinsingfield]

Interestingly, most economists believe that there is a 12 to 18 month delay between changes in interest rates and the effect on the economy. So the BoE should not really be looking at the current rate of inflation, but rather where they think aggregate demand and supply (i.e., the determinants of inflation) will be in mid-to-late 2025.

[@brightbluesmurf]

The UK market is very cheap, l decided to go all in on BT @ 107.50 in my SIPP. Actively managing the SIPP, no funds.

[@MarkCW]

Rent inflation might account for approximately 20-30% of service inflation in the UK and could be as high as 55% for low income families. Rent inflation is currently 7%, so if interest rates were reduced it would help bring down inflation because the rent inflation would go back to it's average of around 3.78%.

[@steeldoubloon19]

They use cpi not rpi data

[@barkingdadprofessionaldogw2371]

Awesome!!! It’s a good job you didn’t disclose Helen’s name 😂

[@aac74]

Not sure looking at interest rates in the past is much of a guide to where we are now. Before total democracy when there was a gold standard, 5% rates worked fine, but now we have total financialisation driven by total democracy creating a massive debt load. The economy only functions on negative real rates so they will have to return very soon and be around for years while we wait for a miracle e.g. new energy source, robots or ai to bailout the economy via massive productivity gains.

[@u10722u]

If the current rates are on average over history do you think the current “sticky” rate will have a negative affect on the stock market ?

[@teddyb4957]

Trading 212 is cheaper than HL BUT do they 'make-up' their platform 'loss' by having a less favourable Buy/Sell spread?

[@GavinLawrence747]

AFAIK T212 cfd platform pays for the other platforms. Spreads on the equity dealing in the invest and ISA is not where they make money.

[@teddyb4957]

@@GavinLawrence747 Why would you run such a business model where running a platform doesn't make any income?...doesn't make logical or financial sense to me!

[@davem.4003]

​@@teddyb4957Because it's a loss-leader, just like bargain-basement pricing on a few products in the supermarket - you are attracted by the 10% discount on the product but once in store, you spend 20x that amount on the other things giusto buy and that's where they make their money. With T212, they entice you with zero platform fees and if giusto are successful with investment then you'll try your hand at individual stocks and then maybe foreign-denominated stocks and eventually CFDs. They are also growing their customer base and once you are familiar with the platform, you are more likely to stay than to move to a lower-cost provider (if they eventually start increasing charges). It's about upselling/cross-selling and tie-in.

[@PhillCurtis]

Thanks as always ramin 👍

[@Pensioncraft]

Always welcome @PhillCurtis

[@andymeek]

Thanks Ramin! I hope to catch a live show one day (so I can do a super chat) as I always watch the catch-ups. I have no idea if Labour will be good for the economy, but I suspect not given unimpressive the front bench is, but hey there's always hope 😂

[@alexandre9051]

Hi Ramin...I have a question for you, why VHVG has a slight better performance than VEVE? In general, I realised that vanguard accumulation ETFs perform better than the Distribution version of the same ETFs. I wonder why this happens.

[@davem.4003]

Because an Accumulation fund grows by the increase in value of the stocks it contains, plus the value of reinvested dividends?

[@alexandre9051]

@@davem.4003I'm considering reinvesting the dividends. The ACC ETFs still do a little better than Dist ETFs. I wonder why since it's the same portfolio

[@harrispetchcomedy]

Hi Ramin, love your content. With these long videos that are nearly an hour please can you go back to putting the chapters in? Made it much better to hear the moments I was most interested in

[@clickmaker764]

Agreed.

[@1234doawee]

I dont think its likely things will get better, looking at Labour policy all i see is things getting politically and economically more unstable as they dont plan to address the key issues

[@GavinLawrence747]

No raise in the personal allowance, no cut in corporation tax, no support for SMEs, no talk of opening new trade links, no boost to LISA contributions etc All we've had is a nebulous commitment to "growing our economy" and "creating wealth" - both pretty much at odds with the Rayner style of government. Not going to be a pleasant 5 years. Hope i'm wrong.

[@steeldoubloon19]

@@GavinLawrence747I reckon they must be spending more and hovering up money via stealth taxes considering they said no tax rises nor borrowing

[@badkeiser]

I was thinking that we need another finfluencer on Ramin’s level too and someone from the BoE would be great.

[@clickmaker764]

Please add chapters on these longer videos.

[@mahendrajasubhojani6374]

It is a pleasure to listen to your talk

[@tancreddehauteville764]

Good on the Bank! Interest rates fell way too much after the 2008 crisis.

[@mahendrajasubhojani6374]

Can one who is resident in USA have an account with Trading 212

[@badkeiser]

Andrew Bailey is king!! 😂😂

[@lawrencehooper4341]

Really interesting video thanks for the explanations.

[@Pensioncraft]

Glad you liked it @lawrencehooper4341

[@george6977]

Excessive immigration of barbarians didn’t boost Lebanon’s GDP in the long run. The public realise it; woke politicians and the media choose to ignore it.