UK Monetary Policy: Good for Business?
9 Pages Posted: 27 Sep 2007
In this speech, Andrew Sentance, a member of the Monetary Policy Committee, discusses business attitudes to monetary policy, drawing on his experience as a business economist and as a member of the MPC. He highlights some important changes over the past two decades, and argues that business has become more supportive of the monetary policy framework as low inflation has become a more established feature of the business climate in the United Kingdom, with an associated dampening of the economic cycle. Regional and sectoral variations in the impact of monetary policy also appear to have diminished. He concludes by discussing current monetary policy issues, focusing particularly on the influence of international economic developments on UK monetary policy.
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