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Podcast: Beyond Currency
Episode: 27 January 2023 - MPC, two hikes away from the peak
Description: Following Andrew Bailey’s assertion that inflation is about to begin to fall more rapidly, the market has begun to speculate on how many more interest rate hikes the MPC will deliver before they pause.
The UK has a higher average level of interest rates historically than several of its competitors, so the level at which rates become restrictive is likely to be higher and certainly higher than it is at present despite over a years’ worth of interest rates.
Since rates have been at historic lows in order to combat various crises that have affected not only the UK but...