Podcasts4 August 2022
Listen: Bank of England raises rates as recession looms
The Bank of England raised 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, the central bank also pledged to act 'forcefully' again in the future if needed. In this podcast, ING's James Smith discusses the rationale behind the decision and what could happen now
In this podcast, ING's Developed Markets Economist James Smith tells Senior Editor Rebecca Byrne what the Bank of England announced on Thursday, what it means for the British economy and what the central bank could do next.
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more