GBP MPC Member Dhingra Speaks
BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
MPC voting member Aug 2022 - Aug 2025;
- History
Expected Impact / Date | Description |
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May 10, 2024 | Due to deliver closing remarks at the Econdat Conference, in London; |
Feb 21, 2024 | Due to speak at an online event hosted by Markets News International; |
Dec 4, 2023 | Due to participate in a panel discussion titled "Getting growth up" at an event hosted by the Resolution Foundation, in London; |
Nov 14, 2023 | Due to participate in a panel discussion titled "Talking Economics: Food Supply and Inflation" at the Bristol Festival of Economics; |
Oct 17, 2023 | Due to participate in a panel discussion titled "Inflation and the cost of living crisis" at the Royal Economic Society Summit, in London; |
Jun 27, 2023 | Due to speak at an online event hosted by the UK Women in Economics Network; |
Jun 13, 2023 | Due to speak at Manchester Metropolitan University; |
Mar 13, 2023 | Due to participate in a panel discussion at the Royal Air Force International Women's Day event, in London; |
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- GBP MPC Member Dhingra Speaks News
- From bnnbloomberg.ca|Feb 21, 2024
Bank of England policymaker Swati Dhingra warned that delaying interest-rate cuts comes at a cost for living standards and could trigger a hard landing for the UK economy. Dhingra, the most dovish rate-setter at the BOE, said inflation is already on a “firm downward path” as she reiterated her case to begin loosening monetary policy. “The evidence to err on the side of overtightening is not compelling in my view as it often comes with hard landings and scarring of supply capacity that would weigh further on living standards,” she ...
- From @MaceNewsMacro|Feb 21, 2024
post: MORE BOE'S DHINGRA: WAITING TO EASE POLICY 'IS NOT COSTLESS' #bankofengland #ukeconomy #swatidhingra #interestrates #inflation #monetarypolicy
- From bankofengland.co.uk|Feb 21, 2024|1 comment
At the February meeting of the MPC, I voted to cut Bank Rate by 25bps. In this note, I discuss the reasoning behind my vote to start normalising Bank Rate. I first note that monetary policy needs to be forward-looking because moderation of the policy stance requires time to implement and to feed through to the real economy. I then discuss trends and developments in the economy that suggest the outlook for headline inflation is bumpy but downwards. Consumer price inflation is on a firm downward path, and has been for some time now. Producer price inflation, which tends to lead consumer price inflation, suggests there is more to come, including in non-energy services. I finally argue there are downside risks to living standards from keeping policy tight. Despite an easing in inflation and some real wage recovery, consumption remains below its pre-pandemic level. This is in striking contrast to the Euro area and the United States where consumption bounced back some time ago. The evidence to err on the side of overtightening is not compelling in my view as it often comes with hard landings and scarring of supply capacity that would weigh further on living standards. post:
BOE'S DHINGRA: MONETARY POLICY NEEDS TO BE FORWARD-LOOKING BECAUSE MODERATION OF THE POLICY STANCE REQUIRES TIME TO IMPLEMENT AND TO FEED THROUGH TO THE REAL ECONOMY. post:
BOE'S DHINGRA: EVIDENCE TO ERR ON THE SIDE OF OVER TIGHTENING IS NOT COMPELLING AS IT OFTEN COMES WITH HARD LANDINGS AND SCARRING OF SUPPLY CAPACITY. post:
BOE'S DHINGRA: WE HAVE A LONG WAY TO GO BEFORE COMING TO A FINELY-TUNED ESTIMATE OF THE MEDIUM-TERM RESTING PLACE FOR BANK RATE. post: MORE BOE'S DHINGRA: REMAINING CHALLENGE OF MEETING THE LAST MILE OF INFLATION TARGET MAY REQURE A DIFFERENT STRATEGY THAN IN PREVIOUS ERAS #bankofengland #ukeconomy #swatidhingra #interestrates #inflation #monetarypolicy
- From @financialjuice|Dec 4, 2023
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BOE'S DHINGRA: THE UK HAD A PROMPT TRADE RESPONSE AFTER BREXIT. post:
BOE'S DHINGRA: GOODS TRADE WAS MOST VISIBLE IMPACT OF BREXIT.
- From @financialjuice|Oct 17, 2023
post:
BOE'S DHINGRA: FIRMS HAVE NOT INCREASED PROFIT SHARE VERY MUCH. post:
BOE'S DHINGRA: PPI IS VERY INDICATIVE OF FUTURE CPI INFLATION. post: Bank Of England MPC's Dhingra: Average Weekly Earnings Data Appear To Give A More Inflated Picture Of Wage Outlook Than Other Measures post: Bank Of England MPC's Dhingra: We Should See Some Relenting Of Domestic Inflation Pressures
- From @LiveSquawk|Jun 27, 2023
post at 4:25am: BoE's Dhingra: External Shock Has Not Totally Worn Off post at 4:29am: BoE's Dhingra: Wages Are Responding To Inflation With A Lag post at 4:34am: BoE's Dhingra: Core Not Good Measure Of Domestic Inflation post at 4:37am: BoE's Dhingra: Lag Between Falls In PPI And CPI 1 Or 2 Quarters - Sharp Drop In Producer Price Inflation Promising post at 4:51am: BoE's Dhingra: Food Is Where Inflation Remains Most Stubborn
- From bankofengland.co.uk|Jun 13, 2023
It is a pleasure to be here at MMU. Manchester is a focus area for our Economy 2030 Inquiry, a collaboration between the Centre for Economic Performance at LSE where I am based and the Resolution Foundation, to develop a new economic strategy for cities to lead growth in the country. Speaking in Manchester, I guess there are huge congratulations due to some for the blue treble, but I suppose there’s a red corner that may not be as happy! From football to the cotton mills of Gaskell and the heritage of the many music landmarks, Britain’s ability to punch above its weight in the world owes much to this vibrant city. It also makes it a suitable place to review the UK’s interaction with the global economy, and its consequences for individuals and families across the country. This afternoon I am going to argue that advances in our analytic toolkit, together with data innovations, are the vital route to a clearer and timelier understanding of the economy. These changes are needed – both at the micro and macro level – to facilitate better evidence-based policymaking. They are necessary for measuring the nature, scale and duration of UK economic outcomes, and so they are important for accurately calibrating monetary policy. There is no doubt that inflation, whilst beginning to ease off its peak last year, is still far too high relative to our two per cent target. We are committed to returning inflation to target sustainably in the medium-term. An agenda to develop our statistics and analytic techniques, building upon efforts to date, will help us answer why inflation is currently above target and how monetary policy should respond. Given the economic challenges and technologica post at 11:01am: BoE MPC’s Dhingra: Reasons to Suspect That Policy Transmission Will Be Slower Than Previous Cycles post at 11:03am: BOE'S DHINGRA: THERE IS LITTLE BOE CAN DO TO CUT SHORT TERM INFLATION. post at 11:03am: BOE'S DHINGRA: TODAY'S LABOUR MARKET DATA RELEASE UNDERLINES HOW MONETARY POLICY AND RELATED EFFECTS TAKE TIME TO TRANSMIT TO WAGE GROWTH.
- From bankofengland.co.uk|Mar 8, 2023
For about two years, I have had the incredibly enriching opportunity of being part of the Economy 2030 Inquiry, a collaboration between the Resolution Foundation and the Centre for Economic Performance at LSE, where I am based. Economy 2030 is not simply a project that seeks to describe and diagnose the economic problems facing Britain. It is serious about providing solutions to create a fairer and more prosperous future. That means recognising the context of a decade and a half of economic stagnation and being realistic about the ...
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