The Bank of England has once again held interest rates at 4.25% . The question is, for how much longer?
In the latest episode of Citrus Bites, host Richard Harris gives a quick but insightful look at the current state of play in the UK economy, and what it might mean for the next Bank of England decision in August.
Key Takeaways from This Episode:
- The BoE’s decision surprised many, with a 6–3 vote (3 members calling for a cut to 4%)
- Inflation is falling, but still well above the 2% target — now at 3.4% (core CPI at 3.5%)
- Unemployment is creeping up, with over 3 years of increases now showing in the data
- Wage growth is cooling, suggesting less pressure on employers and fewer inflationary risks
- Rising oil prices — triggered by conflict in the Middle East — could reverse progress if they persist
Watch the full episode now
This is a must-watch for anyone trying to make sense of the economic headlines. Delivered in just a few minutes, straight from our Sevenoaks office.
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