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Podcast: Beyond Currency
Episode: 7 March 2023 - Rate expectations unclear
Description: Bank of England Governor Andrew Bailey remains unconvincing in his commitment to bring inflation under control, as he appears more concerned to avoid being accused of tipping the country into a recession that may be difficult to escape.
Despite the Central bank having hiked rates at every Monetary Policy Committee meeting since December 2021, Bailey has been lukewarm in his determination, appearing to place more emphasis on avoiding the economy contracting.
With inflation beginning to fall as energy prices, at least, continue to fall, and some stability is being seen at lower levels, Bailey won’t continue to sanction higher short-term ra...