What does rate of interest minimize imply for my cash? | Sky News Q&A

A panel of consultants reply your rate of interest questions reside on Sky News.

The Bank of England has minimize rates of interest for the fifth time in a yr to 4% however warned that climbing meals costs will trigger inflation to leap larger this yr.

Joining Sky’s Jayne Secker can be David Hollingworth, affiliate director at L&C Mortgages, Sarah Coles, head of non-public finance at Hargreaves Lansdown, and Andrew Wishart, senior UK economist at Berenberg.

Have you bought a query for our panel? Submit them within the Sky News Money Blog: https://news.sky.com/story/money-latest-interest-rate-cut-decision-bank-of-england-consumer-personal-finance-blog-sky-news-deals-13040934

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