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Podcast: Beyond Currency
Episode: 13 June 2023 - Will inflation data support a Fed pause?
Description: Jonathan Haskel, an independent member of The Bank of England’s Monetary Policy Committee spoke yesterday of his view that interest rates will have to rise from their current level of 4.5% if inflation is to be brought under control.
Haskel went on to say that his personal view is that the risks to the economy are skewed towards inflation. It is likely that he was influenced by recent predictions that the country will just about avoid a recession this year, while the prices have failed to stabilize completely.
“Although our present circumstances are far from ideal, embedded inflation would be far...