Financial markets and the MPC

In this Masterclass, Chris Young (Head of the Macro Financial Analysis Division at the Bank of England) will discuss why and how the Bank’s Monetary Policy Committee monitor and assess information from financial markets.  First, financial markets are a key part of the transmission mechanism of monetary policy to the real economy.  Second, they provide important information for monetary policymakers about the economic outlook, both the central case and the risks.  Chris will discuss a number of recent examples of information extracted from asset prices and the possible inferences from them.   

Chris Young is Head of the Macro Financial Analysis Division at the Bank of England. His division analyses movements in interest rate, exchange rate, equity and corporate bond markets, as well as derivatives markets, with a view to extracting policy-relevant information for the Bank’s Monetary Policy Committee.  Chris has worked at the Bank for almost 20 years in a variety of roles, including Head of Market Intelligence and Private Secretary to the Chief Economist, and he regularly delivers presentations to the Monetary Policy Committee.

The Masterclass starts at 12.00pm with registration. The presentation will commence promptly at 12.30pm and will conclude by 2pm.

Please contact the SBE office on admin@spe.org.uk to register or for more details.