What does Diego Maradona have to do with the cost of your mortgage?

The former Bank of England Governor Mervyn King famously used Diego Maradona’s 'goal of the century' against England to explain monetary policy, explaining how central banks can steer the economy and influence interest rates without actually changing the official base rate.

Sky’s Ed Conway breaks down why the Bank of England is leaning on the "Maradona Effect" today, why mortgage costs are rising anyway, and whether economic shocks caused by tensions in the Gulf and the ongoing AI tech sell off could force a sudden change.

Read more: https://news.sky.com/story/money-live-consumer-personal-finance-tips-sky-news-latest-13040934

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