Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 16 June 2022 - Osborne maintains his remain ideal
Description: The expected interest rate hike of twenty-five basis that will be announced by the Bank of England Governor later this morning, while being something of a disappointment to those who see the economy falling into recession in the coming months, will still leave interest rates at a supportive level.
The neutral rate in the UK is between 1.5% and 2.5%. That is double the level that the base rate will be at, at the end of the day.
Hawkish MPC member Michael Saunders, who will leave his role as an external member of the MPC in September, commented recently that he believes...