Economist and external member of the Bank of England’s Monetary Policy Committee, Swati Dhingra talks to Robert and Steph about why she thinks the time has come to lower Bank Rate, the interest rate set by the Bank of England that determines the cost of borrowing and savings rates for all of us.   She discusses the heavy responsibility of deciding how much money the British public have in their pockets and discusses where interest rates are likely to settle for the next ten years or longer. The Rest Is Money also examines with her why the Bank of England was too slow to raise interest rates when the inflationary surge began and whether monetary policy can be adapted to meet the different needs of the UK’s regions Sign up to our newsletter to get more stories from the world of business and finance. Email: [email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney goalhangerpodcasts.com Assistant Producer: Fiona Douglas, India Dunkley Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Neil Fearn, Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices