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Podcast: Beyond Currency
Episode: 4th November 2021 - Cost pressures could force Bank’s hand
Description: "The Monetary Policy Committee will conclude its latest meeting at lunchtime today. While the outcome of the meeting remains too close to call, continued expansion in the economy means that the odds slightly favour a rise in interest rates.
The size of any hike is also in question. It may be ten basis points, or it could be twenty-five. Whatever happens, the outcome of the meeting is sure to have a significant effect on the outlook for the economy in the short to medium term.
Services PMI rose in October from 55.4 to 59.1 beating the flash estimate by a considerable margin...