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Podcast: Beyond Currency
Episode: 25th February 2022 - Bailey warns of real risk of inflation
Description: "The task facing the Bank of England and other Central Banks has been made much harder by Russia’s invasion of Ukraine.
If the conflict in Eastern Europe continues for a period of months, the effect on the global economy could be catastrophic. As Russian tanks crossed into Ukraine yesterday, the price of a barrel of oil rose above $100 for the first time in seven years and the wholesale price of gas, which has already quadrupled in little over a year, rose by 60%.
With inflation in the UK already at 5.4% and rising. Just as the country is emerging from the Co...