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Podcast: Beyond Currency
Episode: 25 November 2021 - Will rate hike restrain growth?
Description: "There is a growing belief that the Bank of England will have little option but to hike rates at its next meeting. Throughout this year, Andrew Bailey has appeared determined to be in a position for the MPC to decide the pace of any monetary policy tightening according to its own agenda.
For that reason, Bailey has been at pains to talk down the threat of inflation and even now wants to make sure that a hike is absolutely necessary before he commits.
The Bank’s Chief Economist, who voted against a hike at the most recent meeting, spoke the ot...