In this lecture, Paul Tucker, Executive Director for Markets and Monetary olicy Committee member, discusses three related 'arenas' of uncertainty concerning the impact of structural changes in the economy and financial system. Beginning with the macroeconomy and against the background of his...

In these remarks, Paul Tucker, Executive Director for Markets and Monetary Policy Committee (MPC) member, notes that social, political and historic factors affect the choice of monetary policy decision-making structures in different countries. In the United Kingdom, the MPC sets Bank Rate on a...

In this speech, Paul Tucker explores how option prices can shed light on the risks in the current uncertainty about the expected path of monetary policy. Although monetary policy may have become more credible, there is evidence of greater uncertainty at present about the path of nominal interest...

In this speech, Paul Tucker, Executive Director, Markets and Monetary Policy Committee member, considers the risks facing the two elements of monetary stability - price stability and financial stability - after another year in which both were sustained. After explaining his January vote on Bank...

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...