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Podcast: Beyond Currency
Episode: 11 July 2023 - U.K. is lagging behind in the fight against inflation
Description: Catherine Mann is the most hawkish of the independent members of the MPC. She has been voicing her concerns about the effect of high inflation on the economy for some time and voted for the fifty-basis point hike in interest rates at the most recent meeting of the rate-setting committee.
In a recent speech, she spoke of her belief that inflation is becoming embedded in the economy and very soon the Bank of England will be powerless to eradicate it using “conventional” methods.
She agrees with the Governor that there is unambiguous evidence that firms are using the current crisis to m...