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Podcast: Beyond Currency
Episode: 3 November 2022 - Bank of England set to hike again
Description: With the Bank of England set to agree to the biggest hike in short-term interest rates in more than thirty years later today, analysts are beginning to consider how much further the Central Bank is willing to go in its fight against inflation.
With consumer prices hitting 10.1% in September, the tactic of hiking by bigger increments is still open to question. The widespread belief is that once rates reach neutral and move into restrictive territory, their effect on demand will become exponentially greater.
However, that idea is not universally accepted as the cause of the rise in inflation is not...