Brexit and Monetary Policy - speech by Martin Weale

Speech given at the Resolution Foundation, London
Published on 18 July 2016

In his final speech as a member of the Monetary Policy Committee, Martin Weale outlines his analysis of the economic impact of the referendum vote and its implications for monetary policy.

He notes that there is still a high level of uncertainty around the implications of leaving the EU. Martin states that, at the next Monetary Policy Committee meeting, he will balance his views on any overshoot of inflation beyond its target in two to three years’ time against possible weakness in GDP.

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