MTTM Podcast Episode 469 – Apps scams to avoid & what the Bank of England rate cut means for your money & investments

Listen to Episode 469

In this week's podcast, we discuss the recent interest rate cut by the Bank of England and its impact on savers, borrowers, and investors. We also explore the different phases of the interest rate cycle and how it affects various sectors of the stock market. Additionally, we highlight the importance of being cautious when downloading apps, particularly counterfeit apps that can steal personal information and carry out fraudulent activities.

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Episode 469 Quiz

1. Which country's stocks were most sold by European fund managers in the past 3 months?

• A. Germany
• B. Italy
• C. France
• D. Spain

2. What was the Bank of England's base rate cut from and to?

• A. 5.25% to 5.00%
• B. 5.00% to 4.75%
• C. 5.50% to 5.00%
• D. 5.25% to 4.75%

3. What is the prediction for where the Bank of England base rate will be by the beginning of 2027?

• A. Around 3.5%
• B. Around 4.0%
• C. Around 4.5%
• D. Around 5.0%

4. The Governor of the Bank of England must write an open letter to the Chancellor if inflation exceeds what percentage?

• A. Above 2.5%
• B. Above 3.0%
• C. Above 3.5%
• D. Above 4.0%

5. What programme did Andy watch that inspired the final piece of the podcast on scams?

• A. Scam interceptors
• B. Crimewatch
• C. Watchdog
• D. Rip-off Britain

Answers:

1. C. France
2. A. 5.25% to 5%
3. A. Around 3.5%
4. B. Above 3.0%
5. D. Rip-off Britain

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