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Podcast: Beyond Currency
Episode: 8 March 2023 - Mann sees pound as vulnerable
Description: In past periods of high inflation, the Bank of England has not had to sustain interest rate hikes for any length of time in order to bring it under control because the UK has a history of having relatively high interest rates, which meant that the point at which rates became restrictive is reached relatively quickly.
That has not been the case during the latest rise in inflation, since rates had been allowed to fall close to zero as price rises had become benign as the developed nations of the world recovered from several crises.
However, during and just following...