Decision Day: BOE Set for Historic Hike; ECB's Inflation Dilemma

The video discusses the anticipated rate hikes by the Bank of England and the European Central Bank (ECB). The Bank of England is expected to implement a back-to-back rate hike, the first since 2004, with a focus on inflation forecasts and potential quantitative tightening. Meanwhile, the ECB is expected to maintain its rates, with President Christine Lagarde emphasizing patience over panic in response to market expectations. The discussion highlights the delicate balance both institutions must maintain in addressing inflation and market pressures.

What are the implications of a price wage spiral as mentioned in the discussion?

What message does Christine Lagarde need to convey regarding inflation?