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Podcast: Beyond Currency
Episode: 8th December 2021 - Doubts over Omicron raise MPC stakes
Description: "Next week’s MPC meeting will be impossible to call as the effect of the growing number of cases of the Omicron variant cast doubts in the minds of its members.
The mood was summed up not by the concerns voiced by Deputy Governor Ben Broadbent but by his general mood of helplessness.
His attitude illustrated perfectly the fact that a decision that binds the Bank for any period of time longer than a month will be impossible to make.
There have been differing views expressed by the scientific community globally about the variant. Some say that it is more vi...