Monetary policy will continue to support price stability and growth

Abstract

Of the various factors of uncertainty surrounding the international economic outlook at the present time, a substantial proportion relates to policy choices. Much expectation focuses on US economic policy in the immediate years ahead, but so far no details are known. Meanwhile, the United Kingdom’s new arrangements in respect of its international economic relations remain undecided, while the UK Government’s detailed objectives are not entirely clear. Politically motivated uncertainties regarding the economic outlook are also to be found elsewhere in Europe and beyond.