Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 2 March 2023 - House prices fall by most in more than a decade
Description: Andrew Bailey, the Governor of the Bank of England spoke yesterday of the possible need for the Bank to continue to raise interest rates although nothing is decided in advance of the next Monetary Policy Committee meeting.
While he is relieved to see the cost of living crisis begin to ease, there is still work to be done to ensure that inflation does not become ingrained in the economy as it has in the past.
There has been a significant improvement in economic activity since the turn of the year but the rise in wages is a concern although he...