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Podcast: Beyond Currency
Episode: 4th February 2022 - BoE hikes, then warns of 7% inflation
Description: "The Bank of England raised short-term interest rates by twenty-five-basis points. This is the first time it has seen fit to hike at consecutive meetings since 2004.
The MPC also warned that inflation is set to climb above 7% Hiking by 0.25% having raised by 0.10% in December, the bank hopes that it has sent a signal to the markets that it is serious about fighting inflation.
At a number of meetings last year, the sentiment of Governor Andrew Bailey’s comments centred around the expectation that the Central bank wanted to remain in control of its own destiny. In that it wanted to be...