Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 18 October 2021 - BoE on verge of raising rates
Description: "As the recovery from the Coronavirus outbreak has begun, Bank of England Governor, Andrew Bailey, has been confident that the rise in inflation that has gripped most developed economies is simply a reaction to the level of support being provided.
This theory is about to be severely tested as the wholesale price of gas continues to rise. This is fed through into UK households in the shape of higher fuel costs and is also having a knock-on effect on other energy sectors, in particular, the price of oil.
Petrol prices are already significantly higher. The pump price of standard unleaded...