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Podcast: Beyond Currency
Episode: 1 August 2022 - Rate hike confidence wanes as UK economy worsens
Description: Falling headline inflation sees the forecourt price of fuel fall by 10% in some parts of the country. The Bank of England may reconsider its plans to hike rates by fifty basis points at its meeting this week.
The fall in petrol prices has gone unheralded, as the gaze of market commentators was fixed upon the prospect of a recession. Surveys show there is little likelihood of any growth in the economy in the next three months.
If the Bank of England presses on with its plan to hike by fifty basis points, then a recession becomes even more probable.
The...