Monetary policy as engineering? − speech by Sarah Breeden

Given at the Institute of International Finance’s Talking Policy Series
Published on 19 December 2023
In her first speech as Deputy Governor for Financial Stability and as a member of the Monetary Policy Committee (MPC), Sarah Breeden sets out her view on the UK economic outlook and outlines her approach to monetary policy. She describes how against a backdrop of unprecedented shocks, she intends to approach monetary policy by paying attention to how real world outcomes differ from expectations and using scenario analysis to guide policy.