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Podcast: Beyond Currency
Episode: 26 May 2023 - Can Sunak trust Bailey to deliver
Description: Andrew Bailey the Governor of the Bank of England has had a difficult time since the Bank began to raise interest, after several years of benign inflation, combat rising prices that, with the benefit of hindsight, bound to rise as the effect of the massive fiscal support throughout the Pandemic, the Russian invasion of Ukraine and rapidly increasing demand had a significant effect on the economy.
Bailey was not alone in being caught off guard, Jerome Powell and Christine Lagarde have also suffered criticism for not taking the threat of rising inflation seriously.
However, Bailey alone has been almost apologetic...