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Podcast: Beyond Currency
Episode: 1 June 2022 - Has the Bank of England dropped the ball?
Description: The Bank of England is facing mounting criticism over its handling of the economy since the country emerged from the Pandemic.
Critics are pointing to the fact that the Bank’s Governor, Andrew Bailey, failed to recognize the warning signs of rising prices when he first had an opportunity to act last summer.
While the Chancellor was praised over his actions in providing support for businesses and their workers, the Monetary Policy Committee became mired in its concerns over whether the nascent recovery would be blown off course, by a rate hike to nip rising prices in the bud.
It wo...