Fighting the Last War: Markets, Mortgages and the Bank of England’s Hawkish Misfire Podcast By  cover art

Fighting the Last War: Markets, Mortgages and the Bank of England’s Hawkish Misfire

Fighting the Last War: Markets, Mortgages and the Bank of England’s Hawkish Misfire

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In this episode, Tom and Michael Brown unpack how the Bank of England’s unexpectedly hawkish messaging last week helped ignite a sharp repricing across markets already rattled by the Middle East conflict, pushing swap rates up by nearly a full percentage point, and exposing the UK’s fragile fiscal backdrop. They explore why the Bank may be fighting the wrong inflation battle and what this means for borrowers weighing two‑ versus five‑year fixes, and why both housing market activity and policy decisions are now hostage to fast‑shifting geopolitical and energy‑price risks.

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