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Podcast: Beyond Currency
Episode: 8 July 2021 - Bailey, insistent over inflation
Description: "The Bank of England Governor Andrew Bailey is feeling more and more pressure to act to tighten monetary policy in light of rising inflation. He remains stoic in his determination to continue to support the economy, which he considers still to be at risk.
He is basing his desire to continue with bond purchase and historically low interest rates around the fact that Government support is slowly being withdrawn and that could have a significant effect on growth.
Employers are being expected to contribute more to the furlough scheme, and that will in all likelihood lead to a rise in...