Exceptional uncertainty
ING THINK aloud - Podcast autorstwa ING
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The Bank of England raised interest rates by 50bp on Thursday, the most in a quarter century, as inflation sits at a 40-year high. And despite forecasting a protracted recession amid an 'exceptionally' uncertain backdrop, the central bank also pledged to act 'forcefully' again in the future. In this podcast, ING's James Smith discusses the rationale behind the decision and what could happen next.
