Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 28 March 2023 - Inflation expected to be under control by Autumn
Description: At last week’s meeting of the Bank of England’s Monetary Policy Committee, there was a significant shift in the Bank’s view of inflation. While they still hiked interest rates, for the eleventh consecutive time, to 4.25%, the highest they have been in fourteen years, there was a lowering of expectations for inflation that will be reflected in its Quarterly Economic review that will be published later today.
While in the recent past the bank has hoped that inflation will be falling by Autumn, members of the MPC now believe that it will have fallen to close to its target...