Europe’s energy crisis and the UK response
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Can the Bank of England Support the Currency of the Guilt Market?
This is a hard one for the Bank of England. I think when you look at the medium term implications of what the government is trying to achieve here, it's really going to boost the inflationary pressures in the economy through the course of 2023. The challenge for them going forward is how do you now walk that back? How do you get away from that kind of intervention without leading to further spikes in yields? So the Bank ofEngland is in a very difficult situation. But I do think that they will be delivering significant rate hikes over the next couple of months but I think that plans for their quantitative tightening programme that was due to start basically now are probably likely to be shelved at
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