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Podcast: Beyond Currency
Episode: 5 August 2020 - Is the MPC meeting irrelevant?
Description: "Monetary policy is in danger of becoming irrelevant. That is a theory that could shake the walls of Threadneedle Street to their foundations. Some would say that the official rate of interest has always been irrelevant, but for now it certainly is.
For the man in the street, it is far more important to be able to go out, possibly take his family out and eat at a price they can afford. The Eat Out to Help Out scheme looks like it is a success. Of course, we will need to await official data but anecdotally it looks that way.
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