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Podcast: Beyond Currency
Episode: 1st March 2022 - Inflation unlikely to fall quickly
Description: "Despite the Bank of England’s new-found determination to bring inflation under control, prices are continuing to rise and will continue to do so for some considerable time to come.
Having hiked rates twice already, it would be normal for the MPC to hold back on a third hike to give the earlier action time to have an effect. However, the pace at which prices have been rising coupled with both the tax increases and increase of the energy cap means that the bank doesn’t have the luxury of time.
The conflict in Ukraine has also added urgency to the...