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Podcast: Beyond Currency
Episode: 15 June 2023 - Will UK rates go as high as 5.5%?
Description: The UK economy returned to moderate growth in April as services activity bounced back. Consumer activity was the strongest that has been seen so far this year.
A positive first quarter was marred by a contraction of 0.3% in March, but the economy made up for that with growth of 0.2% in the first month of the second quarter.
As fears of a recession this year recede, the Bank of England received support from the Chancellor of the Exchequer, Jeremy Hunt, who commented that the Monetary Policy Committee faces little choice but to continue to raise interest rates in the face of...