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Podcast: Beyond Currency
Episode: 21 April 2022 - Dovish BoE to drag Sterling lower
Description: The medium term fate for Sterling lies in the hands of the Bank of England and its plans to lower the level of inflation, which is currently running at 7%, up from 6.1% a month ago.
The Bank faces a tricky balancing act as it endeavours to tighten monetary policy to drive inflation lower, but remains aware that the economy remains fragile and could easily be tipped into recession if the tightening is too aggressive.
With energy prices having risen as the price cap was raised at the beginning of the month. Gas and electricity prices to domestic users have been the...