On 29 November 2017, the Bank of England and the Centre for Economic Policy Research (CEPR) hosted their 16th 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
- wage growth and the labour market: the factors contributing to weak wage growth in recent years; and
- monetary policy normalisation and communication: the challenges to central bank communication in the context of a potential normalisation of monetary policy.
This report summarises the main issues raised by participants.