# Who Really Pays When Interest Rates Go Up? – Bank of England Rate-Setter

Page: https://stenobird.com/podcast/making-money-6148646/who-really-pays-when-interest-rates-go-up-bank-of-england-rate-setter
Text version: https://stenobird.com/podcast/making-money-6148646/who-really-pays-when-interest-rates-go-up-bank-of-england-rate-setter.md
Podcast: [Making Money](https://stenobird.com/podcast/making-money-6148646)
Published: 2026-09-28T05:00:00+00:00
Episode link: https://mgln.ai/e/p753098/traffic.megaphone.fm/SPRINGFINANCIALLIMITED9908353590.mp3
Audio file: https://mgln.ai/e/p753098/traffic.megaphone.fm/SPRINGFINANCIALLIMITED9908353590.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/making-money-6148646/episodes/who-really-pays-when-interest-rates-go-up-bank-of-england-rate-setter
Duration seconds: 4391

## Resource

The Bank of England has a key target: to keep inflation at 2%. Its main tool is interest rates. Dr Swati Dhingra is an external member of the Bank’s Monetary Policy Committee, which she joined in August 2022, making her one of just nine people who decide what that interest rate should be. 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors: Hiscox - Protect your business: https://makingmoney.email/hiscox  Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. ------- Use the ONS calculator to find out your personal inflation rate: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/howisinflationaffectingyourhouseholdcosts/2022-03-23

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/making-money-6148646/episodes/who-really-pays-when-interest-rates-go-up-bank-of-england-rate-setter/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/making-money-6148646/who-really-pays-when-interest-rates-go-up-bank-of-england-rate-setter.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.