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Podcast: Beyond Currency
Episode: 6 April 2022 - Bank of England to slow economy
Description: The pound failed to find any positivity in the release of a report which showed that services activity surged in March. This is being seen as a useful gauge of the market’s view that the economy will slow considerably once the effect of the withdrawal of Covid related restrictions begins to fade.
Inflation is still rampant, and the likelihood is that the Bank of England will act both judiciously but aggressively to bring it down.
Deputy Bank of England Governor Jon Cunliffe spoke recently of his view that the Bank may be able to moderate its programme of hikes si...