Monetary Policy Committee decisions  The MPC has reduced the repo rate by a cumulative 275 basis points, to 3.50% per annum.
This conference has rapidly become one of the premier venues for serious discussions of monetary policy and I am honored to be a part of it. Fiscal imbalances During the past year, we have witnessed the ongoing saga of governments, both in Europe and in the U.S., struggling with large deficits and soaring public debt. For the most part, these challenges are self-inflicted.