Silvana Tenreyro
Member of the Monetary Policy Committee
In this speech Professor Silvana Tenreyro explains how energy prices affect inflation, and how that can depend on the strength of the labour market. She discusses how government and financial-market responses to the economic shock may inform the Monetary Policy Committee’s decision on interest rates.
She sets out how these factors interact, and explains why in her assessment it was necessary to raise interest rates by 0.25 percentage points at the November 2022 Monetary Policy Committee Meeting.
The path to 2 per cent − speech by Silvana Tenreyro
