Nouriel Roubini, is a prominent economist who is by the market well known for making statements that are both outrageous and correct in equal measure.In an interview on U.S. television yesterday, Roubini spoke of his view that it would be a mistake for the Bank of England to pause its cycle of interest rate hikes after just one further twenty-five-point hike which he believes will be agreed this week.Roubini is credited with predicting the financial crisis of 2008 and believes that in order to avoid “true stagflation” the Central Bank must continue to hike rates after this week’s meeting.While contracting economic activity may make the MPC believe that they shall call a halt following this week’s rate increase, if inflation remains above the Government’s 2% target, then rate hikes need to continue. The damage done by inflation will be far longer lasting than the mild recession that further rate hikes are likely to cause.Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.