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Podcast: Beyond Currency
Episode: 20 July 2022 - Bank plans hike and bond sales
Description: Bank of England Governor Andrew Bailey, speaking at a dinner on Monday evening, gave the clearest indication yet of the Bank’s intention to hike interest rates by fifty basis points at its next meeting, which will take place on August 4th.
This will be the biggest move in twenty-seven years, but Bailey is determined to show how serious he is in trying to bring inflation back to the Government’s two percent target.
He believes that it is the absolute priority to bring it under control, and that this is the largest challenge since the Bank was granted independence by t...