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Podcast: Beyond Currency
Episode: 10th December 2021 - Bailey struggling with guidance
Description: "Bank of England Governor Andrew Bailey is being coy about what will happen at next week’s MPC meeting.
This is firstly due to the fact that he was accused of misleading markets in the run-up to the most recent meeting and more importantly, not only is he unable to gauge the mood of his colleagues, but he is unsure of his own vote.
There are merits to trying to take back control of inflation by raising interest rates, a move that would signal the end of historically dovish monetary policy but could see several areas of the economy suffer.
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