In this speech Dave Ramsden talks about resilience. He argues that the financial crisis taught us three lessons: first, that the past is not always a good guide to the future; second, that there is more to resilience than just being responsive to the narrow economic cycle; and third, that policy needs to prepare for the unexpected. And he argues that the Bank’s approach to Brexit has been guided by all three of these lessons.
Published on 30 May 2019
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Monetary policy: adapting to a changed world...
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