Nicola Willis
speaker
1,507 appearances
29 recordings
3 series
first heard Apr 2026
last heard yesterday
Nicola Willis’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 29 in all, peaking in Jul 2026 with 7.
Appearances
Yeah, but you know, our assessment this time was that
two point seven five where we're now is still a relatively low level compared to historical levels, probably still a little bit below neutral, but we're getting closer to
Well, I think it's one of the things we felt like we needed to comment on this time around because, you know, we've seen that, you know, first of all, banks they're free to set their prices.
You know, we set the OCR and that is really affecting the shortest uh interest rates in the market, like the floating rate mortgages.
And then it's the banks who
set the the the mortgage rates and lending rates to corporates, et cetera.
But the when we look at it, we look at the path through from monetary policy perspective, what we call the transmission.
And we've seen that, you know, higher wholesale rates has translated into higher mortgage rates already.
But not so much on the deposit rates.
And this also is part of the monetary policy transmission.
So we think that, you know, higher deposit rates
would be more consistent with the desired stance of the transmission of monetary policy.
And I know that's a bit technical language to say, but
You know
banks are free to set those prices, but households are really free to shop around and see if they can get a better deposit rate sometime, somewhere.
And we have a depositor compensation scheme now.
So the households
You know, the deposits, their savings is protected up to a hundred thousand.
So, you know, as I said, the banks are free to set the prices and households are free to shop around.
That's a different budget.
Showing 321–340 of 1,507 · page 17 of 76
← Previous
Next →