Changing times, changing norms - speech by Ian McCafferty

In his final speech as a Monetary Policy Committee member, Ian McCafferty reflects on monetary policy over his six year term and talks about some of the critical policy challenges likely to face his successors. 

In his view, these are likely to be:

• changes in how the economy is working
• determining the right mix of policy tools
• how policy is communicated
• the role of the central bank

Changing times, changing norms