The end of the road − speech by Alan Taylor

Given at the London School of Economics and Political Science
Published on 04 July 2025

Alan Taylor discusses the historical fall in interest rates and explains that the main drivers of this trend have not changed. He shows an updated estimate of r* for the UK that suggests the current policy rate is still very restrictive.
The end of the road − speech by Alan Taylor

Professor Alan Taylor

External member of the Monetary Policy Committee

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