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The Rest Is Money
75. Bank of England Economist: Interest rates must be cut
Jul 14, 2024
Economist Swati Dhingra discusses the factors influencing the Bank of England's interest rate decisions, the complexities of monetary policy, and the implications for the economy. Topics include deflationary pressure, AI impact on rates, UK economic landscape post government announcement, trade and investment post-Brexit, and proposals for regional differential interest rates.
44:22
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Quick takeaways
- Dr. Dhingra advocates for interest rate cuts to boost economy despite being in the minority.
- Committee emphasizes the impact of interest rate decisions on mortgages and living standards.
Deep dives
Dr. Swati Dhingra's Role in the Bank of England's Monetary Policy Committee
Dr. Swati Dhingra, a member of the Bank of England's Monetary Policy Committee, plays a crucial role in determining the UK's interest rate. She advocates for interest rate cuts due to her assessment of soft demand in the economy, despite being in the minority on the committee. Dr. Dhingra emphasizes the need to normalize interest rates gradually to improve living standards.
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