2019 The State of the Economy
The State of the Economy
Date: 2nd July 2019
Time: 12:15 for 12:30 start
Duration: 1 hour
Venue: Sir Humphries Cripps Pavilion, Old Northamptonians Billing Road, Northampton, NN1 5RX
Food: Buffet available from 12:15. Donations welcome and will go to our supported charities.
Overview
The Bank of England is responsible for keeping the UK’s economy on the right track. One of the ways it do this is through monetary policy.
The Bank of England operate monetary policy by moving the interest rate (formally known as Bank Rate) up and down. In certain circumstances, The Bank of England will supplement this with measures such as quantitative easing.
Decisions on monetary policy are made by the Monetary Policy Committee (MPC) eight times a year.
The MPC has nine individual members. Before they decide what action to take, they hold several meetings to look at how the economy is working.
Members are briefed on the latest data and analysis on the economy. This includes reports on business conditions around the UK from regional agents.
Rosie, the agent for East Midlands will present an overview of the economy and then that led discussion around current themes.
Learning Objectives
Attendees will get an up-to-date overview as to the state of the economy and an insight into the workings of the Monetary Policy Committee (which in turn controls the economy).
Rosie will be interested to hear local views as to how the economy is seen; this will help inform Rosie for when she has to report back to the MPC. This is a chance to express your views to Rosie and help in directing the monetary policy of the UK
About the speaker
Rosie Smith has worked as an agent and deputy agent in the East Midlands and the North East.
She joined the Bank of England in 1986 and has also worked in banking supervision, financial stability, statistics and economics areas.
Rosie went to the Bank of England straight from school and studied part-time for a BSc in Financial Economics from Birkbeck and an MBA from the University of Nottingham.
She lives in Leicestershire.
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
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