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Podcast: Beyond Currency
Episode: 7 April 2022 - Risk of recession rising
Description: Expectations for the economy to recover following the Pandemic remain low, but this won’t stop the Bank of England hiking rates to levels not seen since December 2008.
Inflation is still the focus of the Bank of England, despite growing concerns about the prospect of a collapse in economic activity. The last three MPC meetings have resulted in interest rate hikes and that is expected to continue until rates are double their current level.
It is possible that following the meeting that will be held on 4th August, the Bank will pause to gain a sense of perspective over developments no...