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Podcast: Beyond Currency
Episode: 17 May 2022 - Central Bank in inflation mode
Description: Despite the imminent departure of its most prominent hawk, the Bank of England will continue to honour the legacy of Michael Saunders by hiking rates even as the economy begins to slide into recession. Forecasts are beginning to point towards a significant recession lasting at least three quarters, with the first quarterly contraction to come either in the second or third quarter.
Tomorrow’s inflation data will confirm the trajectory of price rises towards 10% as the headline rises above 9%.
Data for employment will be released this morning with the claimant count expected to fall again but not by as much as...