Yahya Shunnar
Governor of the Palestinian Monetary Authority
I'm not surprised that our GDP forecast has been revised upwards by the IMF... We are relying on slack in the economy and slack in the labor market to some degree to absorb some of the inflationary impact of this negative supply shock that we're currently facing.
Megan Greene
Monetary Policy Committee Member, Bank of England
What we've learned over the past couple of supply shocks is that when you have successive bouts of inflation like we've had, it does change people's behavior so they become more attentive to inflation.
Megan Greene
Monetary Policy Committee Member, Bank of England
You say the pressure is lower [on central bank independence]. I'm not sure it is, actually, in the US or elsewhere. Part of my concern is the backup in bond yields. You could imagine that if that's unsustainable, there could be pressure.
Megan Greene
Monetary Policy Committee Member, Bank of England
Now there is talk of the Chinese currency appreciating ... That would, all else equal, be an inflationary force [in the UK]. I wouldn't set policy based on that risk, but it is something to consider.
Megan Greene
Monetary Policy Committee Member, Bank of England