In this speech, Paul Tucker, Executive Director for Markets and a member of the Monetary Policy Committee, discusses structural changes affecting the UK economy and confronting policymakers. That pervasive change has occurred is evident in, for example, lower variability in output growth and...

In this speech, Paul Tucker, Executive Director for Markets and a member of the Monetary Policy Committee (MPC) - sets out some reflections on the operation of an inflation-targeting regime after four years on the MPC. Addressing the key objectives of modern central banking and how they may be...