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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2025-26
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<blockquote data-quote="DavidJC" data-source="post: 223136" data-attributes="member: 4361"><p>I'm not them but I personally use podcasts like FT News Briefing, Unhedged, and Non-Billable, and just read the Business news section of The Guardian (others recommend BBC and other outlets too) everyday and generally scroll LinkedIn for a shrot few minutes each day which helps me keep quite on top of stuff. It's kinda impossible to be on top of everything at all times but dedicating a few minutes a day really helps.</p><p></p><p>For interest rates specifically, the three main ones to keep track of are Bank of England (BoE), European Central Bank (ECB), and the Federal Reserve (Fed). Usually their relevant rate-setting committees (e.g. monetary policy committee for the BoE otherwise known as the MPC) meet approximately every 2-3 months which is when you'll get more commentary on interest rates and then an actual decision whether to hold, cut, or raise interest rates. For example, the BoE recently held interest rates at 4% at a meeting on Nov 6 with a 5-4 vote, and the deciding vote was cast by the Governor (Andrew Bailey) citing that he wanted to wait for the upcoming Autumn Budget (due Nov 26) and maintain the status quo until then before deciding on any further movement in interest rates. There's some level of depth available as to how and why interest rates are set (especially in relation to the Fed) but I think just knowing about interest rates and paying attention to them is a pretty good baseline level of knowledge already, particularly if you know how it affects borrowing which affects transactional activity and thus impacts law firms.</p></blockquote><p></p>
[QUOTE="DavidJC, post: 223136, member: 4361"] I'm not them but I personally use podcasts like FT News Briefing, Unhedged, and Non-Billable, and just read the Business news section of The Guardian (others recommend BBC and other outlets too) everyday and generally scroll LinkedIn for a shrot few minutes each day which helps me keep quite on top of stuff. It's kinda impossible to be on top of everything at all times but dedicating a few minutes a day really helps. For interest rates specifically, the three main ones to keep track of are Bank of England (BoE), European Central Bank (ECB), and the Federal Reserve (Fed). Usually their relevant rate-setting committees (e.g. monetary policy committee for the BoE otherwise known as the MPC) meet approximately every 2-3 months which is when you'll get more commentary on interest rates and then an actual decision whether to hold, cut, or raise interest rates. For example, the BoE recently held interest rates at 4% at a meeting on Nov 6 with a 5-4 vote, and the deciding vote was cast by the Governor (Andrew Bailey) citing that he wanted to wait for the upcoming Autumn Budget (due Nov 26) and maintain the status quo until then before deciding on any further movement in interest rates. There's some level of depth available as to how and why interest rates are set (especially in relation to the Fed) but I think just knowing about interest rates and paying attention to them is a pretty good baseline level of knowledge already, particularly if you know how it affects borrowing which affects transactional activity and thus impacts law firms. [/QUOTE]
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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2025-26
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