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Podcast: Beyond Currency
Episode: 30 January 2023 - Zahawi sacked over tax scandal
Description: Andrew Bailey, the Governor of the Bank of England, believes that flexibility is the most important feature of monetary policy going forward.
The Monetary Policy Committee is due to announce the latest change in short term interest rates on Thursday following its meeting this week. While observers expect there to be a further hike of fifty basis points, they also expect the end to the current cycle of hikes to end quite soon, possibly by the end of the currency quarter.
Bailey is on record as saying that he doesn’t expect rates to begin to fall until the fourth qu...