Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 26 January 2023 - Bailey predicts rapid fall in inflation
Description: In spite of a continuing cost of living crisis, rising interest rates and industrial action across the public sector, Andrew Bailey the Governor of the Bank of England is optimistic that the contraction in the economy, which may have already started, will not be the devastating recession that he feared when he gave his last update on the economy last Autumn.
Although economic forecasts are based on more than gut feelings, and Bailey doesn't command the level of respect in the markets commanded by some of his predecessors, he is confident that inflation which remains at the root of the...