Interest rates have come down, so there is a question about how restrictive our monetary policy stance really is right now . . . I am also worried that we have a less restrictive stance, and so that just suggests that maybe we should slow down in our rate-cutting cycle.
Megan Greene
External Member of the Monetary Policy Committee, Bank of England
Do I think our rate-cutting cycle is over? I don't think it is. So I do think we're still in restrictive territory. We're just not meaningfully restrictive, and that’s a concern to me.
We keep assuming that the UK consumer will start spending as interest rates are coming down, and it keeps not happening . . . And consumption is about two-thirds of most developed economies' growth, right? So if you don't understand the consumer . . .
Central banks should be a bit more forceful if they're worried about inflation persistence.
Risk assets, generally, they've behaved a bit differently since Liberation Day. So the dollar hasn't recovered, since Liberation Day, fully . . . There could be sort of slow shifts in attitudes towards dollar assets as safe assets.
Megan Greene
External Member of the Monetary Policy Committee, Bank of England
Megan Greene
External Member of the Monetary Policy Committee, Bank of England
Megan Greene
External Member of the Monetary Policy Committee, Bank of England
Megan Greene
External Member of the Monetary Policy Committee, Bank of England