On 26 February 2016, the Bank of England and the Centre for Economic Policy Research (CEPR) hosted their fourteenth Monetary Policy Roundtable. These events provide a forum for economists to discuss key issues relevant to monetary policy in the United Kingdom. As with previous Roundtable discussions, participants included a range of economists from private sector financial institutions, academia, public sector bodies and industry associations. There were two topics of discussion:
- what is the role of asset prices in assessing the UK economic outlook?; and
- to what extent is the United Kingdom affected by the global financial cycle?
This note summarises the main issues raised by participants.