BOE Officials Reinforce Rate Hike

The transcript discusses the market's reaction to repeated statements by key figures like Governor Andrew Bailey and Michael Saunders regarding potential rate hikes. Bailey warns of inflation risks, while Saunders supports the market's anticipation of rate hikes. The Monetary Policy Committee faces challenges, particularly concerning unemployment data post-furlough. Inflation is a significant concern, with energy prices and supply chain disruptions contributing to rising costs, challenging the notion that these price increases are temporary.

How did Andrew Bailey view the impact of the end of the furlough scheme on unemployment?

What factors contributed to the rise in inflation mentioned in the text?