BoE’s Greene: impact of Fed easing on UK remains unclear
Spillovers via trade channel could push domestic inflation up or down, MPC member says
Rates decisions in other advanced economies have significant but ambiguous spillover effects on the UK, a member of the Bank of England’s monetary policy committee (MPC) has said.
Speaking at the Resolution Foundation in London on January 23, Megan Greene explored how monetary policy in the US and mainland Europe could shape the UK economy as much as the BoE’s own rates decisions.
Greene said changes in the prices of UK bonds and equities over recent years suggested that rate hikes by the US
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