And i didnt. Okay. Good evening, everyone. Hello. How high is everyone . Good tonight. Hi. My name is Wendy Wasserman and im the marketing director here at politics and prose. We are here to talk about Eliza Scidmore with diana parsell. Im really excited about it. Im curious how many people have gone to see the Cherry Blossoms . Say over the past few days how many people got caught in that traffic . Over the past few days . That was bananas, right . And as washingtonians, we all know that the cherry trees down at the at the bar, at the turtle bay, some are glorious. But the secret is theyre better in the neighborhoods. Right. So thats the secret. But thanks to Eliza Scidmore, we actually even have them. So before we get to the meat of the evening, i just want to do some housekeeping. This is the time where i tell you to turn off your phones, but take pictures, do whatever you want, but nothing ringing or blaring or doing all those things. We have cspan here tonight. Were really happy a
Good evening everyone. Hello. Is everyone good tonight . I am the marketing director at politics and prose. We are here to talk with diana parcell. Im really delighted about it. How many people have gone to see theow Cherry Blossoms the past w days and got caught in a traffic over the past few days . That was bananas, and as washingtonians we know that they are glorious, but the secret is through veteran neighborhoods. Ecso thats the secret. But we actually have them. Before we get to the meat of the evening i want to do some housekeeping. To take pictures, do whatever you want but nothing reading or blaring or doing all those things. We are happy about having them and we are Live Streaming on youtube. Also some other housekeeping things if you like what you hear tonight, and we know that you do and we are so happy you are here in the store. We still have some juicy things coming up and a few other housekeeping things. Whats going to happen here im just going to introduce diana for a f
The economy too much. To dicsuss this further im nowjoined by the Bank Of England 5 former head of international surveillance, katharine neiss. She is now the chief european economist for pgim fixed income. Good to have no surprise that Interest Rates are still rising. Do you think that this is it . ~ ,. ,. , is it . The banker very clear today that if inflation is it . The banker very clear today that if Inflation Remains is it . The banker very clear today that if Inflation Remains resilientl that if Inflation Remains resilient at higher levels, then they could see Interest Rates are going higher from here. That said, to me, the really big message coming out of the Bank Of England today was, even in the absence of further rises in Interest Rates, they really see these higher Interest Rates that we have seen more recently as he had to say for quite some time. Yes. Have seen more recently as he had to say for quite some time. Say for quite some time. Yes, and this is taming say for qui
Does happen, if youve got a £200,000 mortgage on a 25 year repayment term , thats going to repayment term, thats going to add about £30 a month, 3 to £400 add about £30 a month, 3 to £400 a year to your mortgage payments just from that quarter point Interest Rate rise, if indeed thatis Interest Rate rise, if indeed that is what happens. Yeah. And of course, the other thing is that theyre going to give indication going to give an indication their as where they see their forecast as where they see things going and whether well have rates. It is have more Interest Rates. It is 5. 25. Just getting out 5. 25. Were just getting out through 5. 25, up another quarter of a as expected for many economists , thats really economists, thats really interesting, mark, you know, because just a couple of weeks ago, a lot of people would have said that the bank of england needs half point rise needs to do a half point rise from 5 to 5. 5, given that inflation in the uk is unusually high. Were at 7.