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Andrew Sentance – State of Economy 2014

At the IEA’s annual State of the Economy Conference, former Monetary Policy Committee member Andrew Sentance delivered a speech entitled: ‘The era of cheap money – how cheap and for how long?’ Sentance used his speech to critique the exceptional nature of current extraordinary monetary conditions, and called for a medium-term normalisation of interest rates. He was also strongly critical of the lack of public debate within the MPC on the Governor’s declared ‘forward guidance’.

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