Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 7 February 2023 - BoE risking the Hokey Cokey
Description: MPC member Catherine Mann spoke yesterday of her fears that a more dovish view on inflation that she is seeing from her colleagues could see the Bank of England pause the current cycle of interest rate hikes, only to be forced to begin them again as inflation remains at its current high level.
She believes that the tried and tested method of using data to spot turning points in the economy is being ignored due to the pressure being exerted on the Committee by the continuing cost of living crisis.
She feels that rather than seeing the cost of living...