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Price And Monetary Policy Transmission In A Globalised Economy − Speech By Swati Dhingra, Bank Of England, Member Of The Monetary Policy Committee, Given At Manchester Metropolitan University

Date 13/06/2023

Swati Dhingra

Member of the Monetary Policy Committee

 

Swati Dhingra argues that in the light of the current high inflation environment, advances in the economist’s toolkit, together with data innovations, are a vital route to a clearer and timelier understanding of the economy. Swati argues that they are necessary for measuring the nature, scale, and duration of UK economic outcomes, and so they are important for accurately calibrating monetary policy. This agenda should build upon the efforts to date to improve our data and analysis. It will help us continue in our commitment to return inflation to target sustainably in the medium term.