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Podcast: Beyond Currency
Episode: 27 July 2022 - Bailey promoting fifty basis points
Description: It now seems certain that the Bank of England will raise short term interest rates by fifty basis points when its Monetary Policy Committee meets next week.
The Bank’s Governor, Andrew Bailey, has spoken recently of prioritizing the Bank's reaction to the various threats to the economy.
In keeping with other G7 Central Banks, the Bank of England sees inflation, whatever its cause, as being the most pressing issue.
Rising energy prices continue to be a significant contributor to the cost-of-living crisis, with the price cap on gas prices set to be increased again in the autumn.
It has be...