Thursday, September 25, 2008
Three speeches from the Bank
Posted by David Smith at 08:00 PM
Category: Thoughts and responses

All eyes have been on Washington, and the $700 billion rescue package. Closer to home we have had three speeches from monetary policy committee members this week - Kate Barker, Andrew Sentance and Sir John Gieve. The general sense from them is that the downside risks to the economy have increased but it is not falling off a cliff. The talk a few days ago was of an inter-meeting cut in Bank rate. These MPC members appear to be moving towards lower rates but they are not rushing anything.

Here is the Barker speech. This is Sentance and this is Gieve.