Neutral rate: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages, Bank of England https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/covid-19-and-monetary-policy-speech-by-michael-saunders.pdf?la=en&hash=02111FB09D7C30180137C228BB61E8C5447A84F9) |
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Revision as of 11:23, 10 June 2020
Central banks - monetary policy - interest rates - policy rates.
Abbreviation for 'neutral interest rate'.
- The economic impacts of Covid-19 to date
- "With a lower neutral rate, the likelihood that the economy gets stuck in a low inflation rut is higher and hence the case to respond strongly to downside risks is correspondingly greater."
- Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.