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Podcast: Beyond Currency
Episode: 13th December 2021 - Path of Inflation still unclear
Description: "Renowned economist Jim O’Neill spoke last week of his confusion over the path of inflation in the UK. It is simply unclear whether inflation in the UK is temporary or not.
This means that predicting how the Bank of England will manage monetary policy in 2022 is impossible to predict.
O’Neill believes that the era of loose monetary policy that actually preceded the Coronavirus Pandemic has run its course and the time is fast approaching when it needs to be tightened up.
The pace of the recovery in many developed nations, coupled with supply chain shocks, has led to the...