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Podcast: Beyond Currency
Episode: 8 February 2023 - Cabinet reshuffle planned to invigorate economy
Description: The actions of the Bank of England over the past years or so have been occasionally difficult to understand. The presence of three independent voices on the Monetary Policy Committee means that there are times when policy is driven by a theoretical view of monetary policy which differs from the practicality of dealing with the bank’s mandate to provide a platform for price stability and economic growth.
This has led to Andrew Bailey delivering what have been termed dovish hikes, being almost apologetic for having to tighten monetary policy. The presence of Catherine Mann, Silvana Tenreyro, and Swati Dhingra br...