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Limits of monetary policy - speech by Spencer Dale

In this speech Spencer Dale, Chief Economist and member of the Monetary Policy Committee, looks at what role monetary policy can play in the recovery from the financial crisis and, in particular, the limits of monetary policy.

Published on 08 September 2012

He looks at two main aspects: limitations to stabilising the economy using monetary policy, and the potential costs and side effects of running extremely loose monetary policy for a sustained period.

Press release