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Podcast: Beyond Currency
Episode: 16 May 2023 - March decline highlights the fragility of the recovery
Description: The Bank of England is getting closer to being able to pause its cycle of interest rate hikes that have been running since December 2021 as food inflation has peaked according to several major supermarkets.
Having reached close to twenty per cent, and threatening to force the Central Bank into raising rates to a potentially dangerous level where they raise concerns over their effect on demand and therefore growth, prices of essential foodstuffs are showing signs of abating.
In a call with Bank of England Governor, Andrew Bailey, the heads of the major supermarket chains confirmed that prices are beginning to...