BOE Holds Interest Rates, Signals Gradual Easing in 2025

The transcript discusses recent monetary policy decisions by the Fed and the Bank of England, highlighting the debate over rate cuts and their implications. It contrasts the economic challenges faced by the UK and the US, noting the UK's weak growth and sticky inflation. The impact of recent policies and historical events on current economic decisions is explored, with a focus on inflation risks and growth potential in the UK.

In what ways did Chancellor Reeves' latest budget catch the Bank of England by surprise?

What concerns are raised about the potential for stagflation in the UK economy?