On 8 June, the Bank of England and the Centre for Economic Policy Research jointly hosted a Monetary Policy Roundtable. This was the second in a regular series intended to provide a forum for economists to discuss key issues affecting the design and operation of monetary policy in the United Kingdom. Participants included a range of economists from private sector financial institutions, academia and public sector bodies. There were four discussion topics: monetary policy and the current conjuncture; quantitative easing; sterling and capital flows; and lessons from monetary history for the current policy challenges. This report summarises the main points made by participants at the Roundtable.