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Podcast: Beyond Currency
Episode: 10 November 2022 - Q3 GDP likely to be a prelude to recession
Description: The Bank of England is expected to turn more dovish in its attempts to bring inflation under control in the New Year.
Various think tanks have reviewed the Central Bank's Monetary Policy Committee member's voting performance at meetings held since rates began to be raised last December. The conclusion is that they are reluctant to hike rates and will either vote for smaller hikes or abandon the policy entirely.
Bailey's comments at news conferences following meetings have been almost apologetic. Technocrats working for the Bank of England have been tasked with finding when inflation will begin to fall naturally if...