I see the need for activist policy, rather than gradualistActivist policy means holding bank rate firmly until sufficient evidence of diminished inflation persistence, then can move forcefullyI expect elevated volatility in macroeconomic variables over coming years US political developments have not made disorderly trade scenarios less likely and there will be consequences for the UK
The idea of ‘moving forcefully’ — even in the distant future — is surprisingly from Mann, who is an uber-hawk.
This article was written by Adam Button at www.forexlive.com.
