Keeping up with the Bank of England – how rates and inflation impact your finances

Ignorance is not bliss when it comes to your personal finances. Here’s why you should follow what the Bank of England is up to.

Pedestrians outside the Bank of England
(Image credit: Mike Kemp/In Pictures via Getty Images)

You’ve heard of keeping up with the Kardashians but, when it comes to your personal finances, the real influencers you want to be watching are the Bank of England policymakers. Let’s call it monitoring the Monetary Policy Committee (MPC). 

The Bank of England sets interest rates in an attempt to control inflation and promote economic growth. All of these things play a vital role in dictating the health of your finances. But the latest data suggests a worrying proportion of the population is out of touch when it comes to the state of the UK economy. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.