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Podcast: Beyond Currency
Episode: 31 March 2023 - Deciding next policy move tough
Description: The Bank of England will face a difficult decision at its next monetary policy committee meeting. Although headline inflation is moving in the right direction, the core remains uncomfortably high and is showing less inclination to be driven by tighter monetary policy.
Catherine Mann, commented in a speech yesterday that the Central Bank will need to find other ways to affect underlying inflation and that will make it difficult to decide monetary policy as the year progresses.
With energy prices on a downward slope, headline inflation is continuing to fall, and the between headline and core prices is narrowing. The...