What does Maradona have to do with cost of mortgages? [Pl70Oe1FHO0]

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: SUBSCRIBE to our YouTube channel for more videos: Follow us on X: Like us on Facebook: Follow us on Instagram: Follow us on TikTok: For more content go to and download our apps: Apple Android Why not listen to one of our podcasts? This is Why, available for free here: or Ed Conway's Stuff Matters, available here: To enquire about licensing Sky News content, you can find more information here: #economy #bank #maradona #ai

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