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Podcast: Beyond Currency
Episode: 24th January 2022 - Two weeks until next rate hike
Description: "The Bank of England’s Monetary Policy Committee will meet at the end of next week, and it is highly likely that they will decide to hike interest rates for the second time in successive meetings.
The consequences of the committee’s relaxed attitude to ring inflation last year are now being felt throughout the economy. Andrew Bailey when asked about rising inflation was certain that the rise was transitory and would fade as soon as the economy was fully open again.
While Bailey was one of the more sanguine Central Bank Heads, the fact that once he had come to t...