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Podcast: Beyond Currency
Episode: 3 May 2022 - UK facing year’s fourth rate hike
Description: It is still almost certain that the Bank of England’s Monetary Policy Committee will agree to a fourth hike in the current cycle to curb the rise in inflation when it meets this week. This is despite further warnings of an approaching recession from the institute of Directors.
The cost-of-living crisis is leading to crumbling consumer confidence which, in turn, is hitting retail sales, while uncertainty caused by the conflict in Ukraine is affecting the availability of several products in stores.
The Institute's own measure of economic confidence plummeted from -4 to -36 in the most recent period. This is...