Base Rate Outlook for 2023/24. Is 4% the new normal?

The Bank of England set the base rate 0.5% higher at 4% today. Is this the new normal? Or will they go much higher? I had a 5 minute chat with my old friend and pundit Alex Groundwater to get his views on what's likely to happen with bank interest rates and why. Alex Groundwater is a good friend from early school days, one of the rare ones I have kept in touch with. He describes himself as: "A Gen-X data enthusiast. Helping Bio-Techs build labs and manufacturing facilities for T Cel...