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Podcast: Beyond Currency
Episode: 21 July 2023 - Fed has nearly won their fight against inflation
Description: This week’s publication of inflation data for June illustrated how much more the Bank of England could have done had it not been timid about the effect its actions could have had on the economy.
The Bank and the Treasury have not worked in tandem to bring inflation lower, and it is as if the two agencies do not talk to each other.
There is little question that the actions of the Chancellor, Rishi Sunak, planted the seeds that eventually grew into the highest rate of inflation in a generation, but the Bank of England has lacked the courage se...