US tariffs have despatched monetary markets right into a frenzy in current weeks, however how a lot ought to central bankers be taking commerce into consideration when setting financial coverage? To search out out, Soumaya Keynes sits down with Financial institution of England Financial Coverage Committee member Swati Dhingra – one of many committee’s extra dovish members. They focus on why the UK’s open economic system makes it extra susceptible to commerce shocks, what Dhingra noticed within the knowledge that her MPC colleagues didn’t, and why she didn’t vote for an (even) sharper charge minimize earlier this month.
Additional studying:
Two BoE policymakers warn against rushing to further cut interest rates
Bank of England vote split hits hopes for faster interest rate cuts
Brexit lessons for Trump’s trade war
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Offered by Soumaya Keynes. Produced by Mischa Frankl-Duval. Flo Phillips is the chief producer. Authentic music and sound design by Breen Turner. The FT’s appearing co-head of audio is Manuela Saragosa.
