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Podcast: Beyond Currency
Episode: 30 July 2021 - Sterling unlikely to rally without MPC
Description: "Next week’s MPC meeting will be crucial in the Bank’s plans to both support the economy and head off inflation that is continuing to rise, but at a slower pace.
While there will be no change to interest rates, which will continue to be held at a historically low level, the discussion about beginning the taper of asset purchases will be significant.
There have been several comments made by MPC members recently in which their position has either changed or softened. It remains to be seen whether the vote to retain the current level of purchases sees any vote...