Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 4 May 2023 - BoE hike to take rates well into restrictive territory
Description: The fight against inflation that the Bank of England has been waging since December 2021 is likely to reach a crucial stage next week when it is expected that the Monetary Policy Committee will hike short term interest rates by twenty-five basis points.
There is no longer any mystery to the Bank’s actions as it set out its stall many months ago confirming that it will use tighter monetary policy as the instrument that it will use to dampen demand and by doing that reduce price pressures in the economy.
While commentators and analysts try to drive some interest in th...