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- Title
Why monetary stability matters to Merseyside.
- Abstract
In this speech, Rachel Lomax, Deputy Governor responsible for monetary policy, discusses how monetary stability can benefit an area like Merseyside, which has faced major structural problems following the decline in its traditional industries. Low inflation and low nominal interest rates are now providing a sound foundation for the long term decisions needed to regenerate the area. Discussing the short term economic outlook, she identifies risks to world demand, and uncertainties about the strength of consumer spending and inflationary pressures within the United Kingdom. The MPC needs to balance the need for well grounded analysis against the importance of acting pre-emptively to keep inflation low.
- Subjects
UNITED Kingdom; LOMAX, Rachel; PUBLIC officers; CENTRAL banking industry; BANKING industry; FINANCE
- Publication
Bank of England Quarterly Bulletin, 2005, Vol 45, Issue 1, p77
- ISSN
0005-5166
- Publication type
Article