UK Monetary Policy - How Long Should "The Song Remain the Same"? - speech by Andrew Sentance

Andrew Sentance begins by explaining that last year the economic backdrop was one of sharp falls in demand and rising unemployment, uncertainty about recovery prospects and a general expectation of persistent below target inflation. "A year on, however, the economic situation has changed," he says. Andrew Sentance describes a number of features of the current economic situation that he believes are very different from the expectations of last summer.

Press release