In this speech Sarah Breeden sets out her views on the outlook for the UK economy and for monetary policy. She discusses the challenges around identifying the nature of shocks hitting the economy and how different shocks have different implications for medium-term inflation.
Speech
It has been a little over a year since I joined the Monetary Policy Committee (MPC). Lots has happened over that period. I’m going to use this speech to review what we have learned and where that leaves my view of the outlook for the economy and for monetary policy. In doing that, I will aim to explain how important it is for us to keep asking ourselves which shocks could be hitting the economy and what implications those different shocks would have for medium-term inflation. We are always reading between the lines.
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