Will the base rate and inflation fall? | May 2024 Bank of England announcement

For the sixth meeting in a row, the Bank of England voted to keep the base rate at 5.25%. Find out when they think it (and inflation) will eventually fall
Plus what this means for savings and mortgages.
W A T C H N E X T
Get the best savings account • Best savings accounts ...
Should you overpay your mortgage? • Should you overpay you...
#UKInflation #UkInterestRate #Ukbaserate
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A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[@Will_3rd]

Took your advice and opened a fixed regular saver yesterday before the meeting just encase the rate changed today.

[@2007sssss]

Thanks Andy. It's always a good watch/listen 👍

[@Nathantsang123]

Thanks for the information Andy, always good quality money channel : )

[@BobDoe_69]

They can say 4-5% all they want. Real inflation is much higher reflected in actual prices

[@Dan-cd6hm]

Are the swap rates that mortgage rates are based on affected by the US base rate too or just the U.K. one?

[@rodfulford4306]

Does anyone really believe that these base rate changes actually affect inflation as much as we are lead to believe?