Barker on UK monetary policy in a changing world

In a speech on 'UK monetary policy in a changing world' given on 20 November Kate Barker of the Bank of England's Monetary Policy Committee said some of the major risks which face the MPC, and which have made recent decisions very finely-balanced, stem from concerns about how the world is coping with the inevitable transition as a group of new economic powers emerges. But in the longer term, Barker continued, it is more likely to hold back the UK economy if our trading partners are inefficient

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