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Podcast: Beyond Currency
Episode: 12th November 2021 - GDP was just 1.3% in Q3
Description: "When inflation began to rise, the Bank of England, its Governor in particular, was fairly sanguine about the risk, calling it transitory. That may indeed be the case, and it became a convenient reason for a Bank that was unsure what it needed to do as the pandemic raged.
Now, the recovery looks like it may be hitting the buffers, and officials, looking for a new excuse to cover the possibility that they may have got it wrong, see supply chain bottlenecks as a convenient scapegoat.
Now, every issue that is becoming known is met with the supply chain excuse.
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