A Matter of No Small Interest: Real Short-term Interest Rates and Inflation since the 1990s - Speech by Marian Bell

In a speech this evening to The Institute of Directors and Milton Keynes Chamber of Commerce at Cranfield University, Marian Bell, a member of the Bank of England's Monetary Policy Committee, discusses how in recent years persistently low inflation and steady growth in nominal demand has been accompanied by historically low short-term interest rates, both in the UK and other major industrialised economies.