Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 24 May 2021 - Rise in inflation to be short-lived
Description: "Bank of England Governor, Andrew Bailey, has joined in with his colleagues from other G7 Central Banks in downplaying the long-term effect of rising inflation on the country’s economy as the UK emerges from the Coronavirus pandemic.
When weighed against a tightening of monetary policy which could cut off the recovery almost as soon as it has begun, inflation is being blamed on transitory as opposed to structural factors and is expected to even out as both the UK economy and those of its largest trading partners reach a degree of equilibrium.
As has been seen in the aftermath of...