Research Papers

Monetary Policy Since 2008

Monetary Policy Since 2008

This article covers the changes to monetary policy that have taken place since 2008. It takes a view on the current situation for the UK economy and the most likely path of policy in the next few years, based upon the Bank of England central forecast. It also includes a general discussion of monetary policy and the Bank of England’s role in enacting such policy; the various forms of policy and the transmission mechanisms relating to them.