What does the Bank of England’s interest rate cut mean for your money? | The Week in Markets

The Bank of England have cut interest rates from 5.25% to 5%, but how does this affect your money and how did markets respond? Faye Graham, Investment Analyst and Paul Durrans, Investment Director, go over the key takeaways from the decision and what the outlook is for further additional interest rate cuts. In contrast the Bank of Japan raised interest rates in an effort to lower inflation. In the US, the Federal Reserve decided leave interest rates unchanged. However, questions are being raised whether this was the right decision following the employment data released this Friday. We finish with corporate earnings where we’re seeing signs of consumers pulling back on spending and being more frugal with a notable decline in sales from McDonalds after raising prices on some products 27% since 2019.