BOE Rate Decision: What to Watch for

The transcript discusses the Bank of England's Monetary Policy Committee (MPC) voting on interest rate hikes. Markets predict a 40% chance of a 0.5% hike, but economists expect 0.25%. The decision is influenced by recent inflation data. A future 0.5% hike is anticipated in August, with changes in committee members potentially affecting decisions. The transcript also explores potential voting splits and the future path of interest rates, with markets predicting a peak rate of 6% by December. Concerns about a recession and the Bank's credibility are also highlighted.

What challenges does the Bank of England face in communicating its decisions to the public?

What implications could a peak rate of 6% have on the UK economy according to Bloomberg Economics?