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Podcast: Beyond Currency
Episode: 31st January 2022 - Market expects hike, sterling on the edge
Description: "Tackling inflation remains the number one priority for the Bank of England’s Monetary Policy Committee, since it was forced to accept that rising prices were unlikely to return to the Bank’s 2% target without changes to monetary policy.
Bank of England Governor Andrew Bailey was one of several central bankers who jumped on the bandwagon of labelling rising inflation as transitory and that it would return to acceptable levels once the logjam in supply chains had abated.
The continued rise in the wholesale price of gas, exacerbated by tensions around Russia’s border with Ukraine, and global shortages of microc...