Friday, March 19, 2010
An upbeat Sentance
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

Danny Blanchflower, ex of the monetary policy committee, has had most of his former colleagues in his sights since leaving the MPC, but perhaps none more so than Andrew Sentance. Sentance, however, is undeterred. While Blanchflower was and is gloomy, Sentance is upbeat. In particular, he thinks the "very encouraging" bounce in the global economy is benefiting the UK economy and will do so further. He also talks of the need to withdraw the economic stimulus, though his emphasis is on fiscal rather than monetary policy. The speech is here. It was at odds with comments by Sentance on Friday morning, in which he acknowledged the risks of a "double-dip", which hit sterling. I'd say acknowledging the risk doesn't mean he expects it to happen.