How much interest you pay on your home loan is determined largely by the unelected representatives in the world’s central banks. This week the Bank of England took its turn in announcing rate hikes in their bid to keep prices under control. They also have a mandate to ensure stability in the banking sector. The way things are right now, you might question whether they’re up to either task. Phil and Roger ask Dr Supriya Kapoor (Assistant Professor in Finance at the Trinity Business School, Trinity College Dublin) whether central banks are pursuing the right approach, whether we have the right people in these jobs, and whether it makes sense to keep the functions of monetary policy (by the banks) and fiscal policy (by the government) separate, particularly at times like these.
This episode is supported by Wigmore Associates, who provide portfolio management services on both a discretionary and advisory basis, together with pension, tax planning and inheritance tax advice to Individuals, Trusts, Pension Schemes, Family Offices, and Charities.
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