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Podcast: Beyond Currency
Episode: 20 May 2022 - Reluctant MPC hoping this is it
Description: Ever since the Bank of England began to hike interest rates, there has been an air of reluctance among MPC members. This is excluding Michael Saunders, who would see a reason to hike rates no matter how deep a recession the economy had fallen into.
It will be interesting to see if any current members of the MPC or even Saunders’ replacement, Dr Swati Dhingra, will be a hawk, although given her credentials, that is unlikely.
The term dovish hike appears to have been coined specially to describe how the Committee votes. Comments made before MPC meetings are often accompanied by...