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Podcast: Beyond Currency
Episode: 4 August 2022 - BoE may revise inflation forecast
Description: The Bank of England’s Monetary Policy Committee has been meeting and will announce its decision on short term interest rates at lunchtime today. It is probable, but by no means certain, that the decision will be to hike by fifty basis points.
Almost as important as the decision on interest rates will be the release of the Bank’s projections for the economy.
This will provide advance guidance to the markets about the Bank’s expectations for growth and inflation over the rest of the third quarter. The most recent monetary policy summary predicted that inflation could reach 11%, but there...