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Mann Says Looking for Pricing Discipline as Evidence for Policy

BOE

Final Q: With slow transmission - how do you balance hurting those households/businesses that need to refinance with bringing down aggregate demand?

  • A: BoE's different to the Fed, because it has a single remit (inf. Target). Not the same as balanced remit at the Fed, or the less specific inflation target at the ECB.
  • Because we spend a lot of time looking at cross-income decile data, we're looking at a wide range of impacts from economic policy/activity. Looking for pricing discipline for different goods, wide range of data at all times.
  • Q&A and event with BoE's Mann concludes.

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