Riz Malik Was Invited Back to Sky News: Discussing the Base Rate Announcement with Wilfred Frost
I was honored to be invited back to Sky News before the Bank of England’s base rate announcement on 6th February 2025. This time, I had the privilege of being interviewed by none other than Wilfred Frost, a seasoned financial journalist known for his insightful economic analysis.
With interest rates being a hot topic in the current economic climate, the discussion focused on what the expected decision by the Bank of England could mean for homeowners, investors, and businesses across the UK.
Why the 6th February Base Rate Decision Matters
The Bank of England’s Monetary Policy Committee (MPC) meets regularly to review interest rates, but this particular announcement is expected to be a pivotal moment for financial markets. With inflation showing signs of stabilising and economic growth remaining sluggish, the decision could set the tone for mortgage rates, savings, and business lending in 2025.
Will the Bank of England cut rates for the first time in years?
Could we see a hold at the current rate?
What does this mean for borrowers and savers?
Key Topics We Covered on Sky News
The Impact on Mortgage Borrowers
With thousands of homeowners on variable or tracker mortgages, a base rate cut would bring welcome relief. However, those looking to remortgage may still face higher fixed-rate deals compared to the ultra-low rates of previous years.
Key areas discussed :
✅ Why now is the time to start reviewing mortgage options.
✅ How fixed vs. tracker mortgages could play out in 2025.
✅ The importance of seeking financial advice before making decisions.
What This Means for Savers
Savers have benefited from higher interest rates in recent years, but a cut could mean a return to lower savings rates.
Key takeaways:
✅ How to find the best savings accounts in a falling rate environment.
✅ Why fixed-term savings might still be a good option.
✅ Alternative strategies for those looking to maximise returns.
What’s Next?
As we wait for the Bank of England’s final decision, it’s clear that the financial landscape is evolving. Whether you’re a homeowner, saver, or investor, now is the time to review your financial strategy and prepare for potential changes.
Being back on Sky News with Wilfred Frost was an incredible opportunity to share insights on a topic affecting millions across the UK. If you missed the segment, stay tuned—I’ll be sharing more detailed analysis in the coming days!