Ageing population could harm policy transmission – BoE’s Saunders

Michael Saunders
Photo: BoE

The UK’s ageing population could start to hamper the pass-through of monetary policy, the Bank of England’s Michael Saunders said in remarks on November 22.

An important part of policy transmission comes from “cashflow effects”, as changing interest payments affect how much households can spend, the monetary policy committee (MPC) member said. Young people tend to have higher debts relative to income, making them sensitive to rate changes, while older people have higher savings. “People with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: