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Podcast: Beyond Currency
Episode: 25 August 2023 - Get your Trump mugshot T-shirt
Description: Although some progress has been made in the fight against inflation, interest rate futures markets are still discounting two further hikes this year. There is also a long-held view amongst economists and market commentators that the base rate will top out between 5.25% and 5.75%, although it would take a significant rise in headline inflation for another fifty basis points in hikes to receive support from the MPC.
This week’s output figures were “disappointing,” but do show that the Bank of England, despite the market’s opinions, is closer to stopping rate hikes than it was previously believed.
There is no fixed ru...