Surveys, Forecasts And Scenarios: Setting UK Monetary Policy Under Uncertainty − Speech By Dave Ramsden, Bank Of England Deputy Governor, Markets And Banking, Given At The Bureau For Economic Research, Stellenbosch University

Dave Ramsden sets out how his views on monetary policy in the UK have evolved in recent months, in light of increased uncertainty, and the role surveys, forecasts and scenarios can play in supporting monetary policy setting when faced with that uncertainty.

Speech

Thank you for the invitation to speak at Stellenbosch University today. I’m visiting South Africa in my capacity as a Deputy Governor of the Bank of England, attending the bi-monthly meetings of the Bank for International Settlements, starting later today in Cape Town. This morning I’m speaking as one of nine members of the Bank’s Monetary Policy Committee (MPC), which has responsibility for setting monetary policy in the UK, with the primary objective of keeping UK inflation at 2% sustainably over the medium term.

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