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Podcast: Beyond Currency
Episode: 18th November 2021 - Did the MPC simply ignore rising inflation?
Description: "A rise in interest rates at the next meeting of the Bank of England’s Monetary Policy Committee moved from Likely to probable yesterday as inflation data for October was released.
Headline inflation rose to a ten-year high of 4.2%. With the wholesale price of gas and other household bills rising, this is not expected to be the end of rising inflation, and the pressure on the bank to act has ramped up.
Household utility prices rose by 6.8% last month, while there were significant increases in most other sectors. Month on month, inflation rose by 1.1%, its highest monthly increase since 1993.
Andrew Ba...