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Podcast: Beyond Currency
Episode: 18 September 2023 - Central Bank rate decisions this week
Description: The Monetary Policy Committee meets later this week to decide whether another hike in interest rate is needed, or if the fourteen that have taken place in this cycle have slowed demand sufficiently for inflation to follow.
Over the past two weeks there have been a series of mixed signals, none more so than the employment report for August.
Wage inflation has now exceeded consumer price increases, which points to a wage/price spiral continuing, but the unemployment rate is starting to increase which is a clear indication that interest rates are now at a level where they are restricting...