A Tale of Two Shocks: Global Challenges for UK Monetary Policy - speech by Andrew Sentance

In this speech, Andrew Sentance, an external member of the Bank's Monetary Policy Committee, discusses the challenges currently facing the Monetary Policy Committee.
Published on 27 November 2007

Speaking in London to an audience of University of Warwick alumni, Dr Sentance explains that "over the last six months, two major global shocks have come along to complicate our task" of setting interest rates and that "these upside inflationary risks from oil and other commodity prices need to be weighed in the balance against the downside risks to growth - and hence inflation - from the recent financial turmoil."

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