BOE Hikes Tempered by Growth Challlenges: CIBC's Stretch

The transcript discusses the Bank of England's recent decision to maintain an incremental approach to monetary policy, considering external factors and market risks. It highlights the challenges posed by inflation and growth dynamics. The discussion also covers the political and fiscal pressures on the Bank of England, comparing it to the situation in the US. The potential need for additional fiscal stimulus and its impact on future interest rate decisions is analyzed.

What measures were taken by the government to address the cost of living crisis?

How might the lack of additional fiscal stimulus affect the Bank of England's interest rate decisions?