Weekly Economics Podcast: Why the interest rate hike was a bad move

Last week the Bank of England moved interest rates to their highest level in almost a decade. If you’ve got a mortgage, it might get more expensive. If you’ve got savings, you might get a bit more interest on your money.

Does this tell us anything about what the Bank of England thinks is going to happen to the economy? And was it the right decision?

Ayeisha Thomas-Smith speaks to Alfie Stirling, head of economics at the New Economics Foundation.

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