Megan Greene

Here’s the right chart

The Bank of England does not need to ‘follow the Fed’ The decisions of the US central bank can have a mixed impact on the domestic UK economy

The policies of the Fed impact economies globally, but that doesn’t mean other central banks have to follow the Fed. If the Fed were to implement surprise rate cuts, the Bank of England should arguably do the exact opposite.

My latest in @FT www.ft.com/content/fa99...

by @economistmeg.bsky.social !!!!!!

Forks in the Curve: whether and how to respond to monetary policy divergence - speech by Megan Greene Given at the Resolution Foundation

Many thanks to @resfoundation for hosting my speech this morning.

I look at how monetary policy divergence impacts the U.K. economy and my own policy considerations. I show that unexpected Fed rate cuts could fuel U.K. inflation.

✍️ Take a look here: www.bankofengland.co.uk/speech/2026/...

Persistent inflation may delay rate cuts, says Bank of England rate-setter Megan Greene, external member of the Monetary Policy Committee at the Bank of England discusses her inflationary outlook for the forthcoming months, the impact of the UK budget on monetary policy, and...

I joined @RitikaGuptaTV on @CNBC yesterday to discuss my views on the U.K. economy, the budget, risks to inflation and rates. www.cnbc.com/video/2025/1...

Closer UK-EU Ties Would Help Inflation Fight, BOE’s Greene Says An improved UK relationship with the European Union would help the Bank of England keep inflation under control, BOE policymaker Megan Greene said.

Brexit hit productivity and lowered the economy’s non-inflationary “speed limit,” Greene ( @economistmeg.bsky.social ) said. Undoing some of the damage by rebuilding EU relations would lift Britain’s growth potential, enabling more activity without triggering price rises.

AI’s Effect on the US Economy Is Exaggerated Sometimes there are economic narratives that don’t quite deserve a debunking — they have more than a kernel of truth to them — but rather demand an appropriate level of skepticism. Three such stories are widespread today.

I'm in @opinion.bloomberg.com today talking about three "partial truths" in the US economic narrative. "Partial truths" are not myths--they have more than a kernel of fact behind them--but they demand caution, asterisks, and grains of salt.
www.bloomberg.com/op...
1/9

For our first panel at #TheBodrumRT Milica Delević, @economistmeg.bsky.social, @erik-jones.bsky.social & Denis Redonnet examined “Global economic fragmentation”, chaired by @cergrant.bsky.social

Central banks need to learn lessons about supply shocks We now know that the inflation that often follows can be persistent rather than transitory

My column on supply shocks, now with the chart that the FT inadvertently omitted: www.ft.com/content/c774...

Central banks need to learn lessons about supply shocks We now know that the inflation that often follows can be persistent rather than transitory

The conventional wisdom that central banks should look through negative supply shocks needs updating. I use our recent experiences with supply shocks to draw lessons about how they hit the economy and how central banks should respond to them. www.ft.com/content/c774...

The Supply Side Demands More Attention − speech by Megan Greene Given at the Adam Smith Business School, University of Glasgow

I gave a speech at @UofGlasgow on the lessons we have learned from recent supply shocks and how to respond to them. The conventional wisdom is to look through them. I think we need to reconsider this. www.bankofengland.co.uk/speech/2025/...

Opinion | I’ve Seen What Happens When a Country Messes With Data. America, Beware.

“I’ve seen what happens when a country messes with data.” www.nytimes.com/2025/08/19/o...

By Andreas Georgiou, the former head of the Greek stats agency who was subjected to 7 criminal and civil legal cases for reporting Greece’s stats accurately.

Public Lecture with Megan Greene: Monetary Policy Implications of Differences in Central Bank Balance Sheet Management - NIESR In this speech, Megan will examine the differences in how the Bank of England, ECB and Federal Reserve are managing their balance sheets, whether they provide financial arbitrage opportunities for…

#WeekendWatching 📺

Did you miss our Public Lecture with MPC member @economistmeg.bsky.social on Central Bank balance sheets earlier in the week?!?

NO panic ❗️ You can watch it back here ⬇️😉

#CentralBanks
#MonetaryPolicy
#UKeconomy

A feature not a bug − speech by Megan Greene Speech given at the National Institute of Economic and Social Research

I gave a speech today at @NIESRorg looking at how the BoE, ECB and Fed manage their balance sheets, whether the differences bw them create trading opportunities for banks to book profits and whether I need to worry about this as an MPC member.👇
b-o-e.uk/44dbxCb

Our Public Lecture with @economistmeg.bsky.social on Central Bank balance sheets has just started, introduced by @econstevem.bsky.social 📈

#CentralBanks
#BankOfEngland
#MonetaryPolicy

niesr.ac.uk/event/public...

Public Lecture with Megan Greene: Monetary Policy Implications of Differences in Central Bank Balance Sheet Management - NIESR In this speech, Megan will examine the differences in how the Bank of England, ECB and Federal Reserve are managing their balance sheets, whether they provide financial arbitrage opportunities for...

UPCOMING EVENT: Public Lecture with @bankofengland.bsky.social's Megan Greene 💬 @economistmeg.bsky.social

"Monetary Policy Implications of Differences in Central Bank Balance Sheet Management"

⏰ 24 June, 10:30-11:30
📌 NIESR offices, Westminster

Sign up to attend 👇
niesr.ac.uk/event/public...

Baccalaureate remarks by Chair Powell at the Princeton University Baccalaureate Ceremony Thank you, President Eisgruber, for the opportunity to speak here today. Congratulations to the Princeton University class of 2025 on the tremendous achievemen

“At the end of the day, your integrity is all you have. Guard it wisely.” Nice commencement speech by Jay Powell at Princeton. www.federalreserve.gov/newsevents/s...

Uncertainty remains the only certainty for UK on tariffs If the dollar were to weaken further, the drag on growth and inflation would probably be larger

Here’s how I’m thinking through some of the channels of tariff propagation through the U.K. economy. Exchange rates are important—and they haven’t moved as the theory would suggest. My latest in @FT www.ft.com/content/cd50...

Trump Tariffs: Why BOE Rate-Setter Megan Greene Sees Disinflation Risk YouTube video by Bloomberg Television

Was a pleasure to join @flacqua on @BloombergTV today to discuss the potential impact of tariffs on the UK (depends partly on exchange rates), other sources of uncertainty for the UK inflation outlook and the importance of central bank independence. www.youtube.com/watch?v=3Nan...

Surprised CD’s are even still on the chart… h/t @chartdaily

Just check out this banger chart from the indispensable work by Barry Eichengreen, Arnaud Mehl and Livia Chitu.

Countries that rely on the US for military protection hold a much higher fraction of their foreign exchange reserves in U.S. dollars.

They show similar patterns for historical data.

CDU/CSU &SPD have just proposed a sea change in German fiscal policy:

- defence spending above 1% of GDP exempt from debt brake
- 10-year €500bn special fund for infrastructure
- looser debt rules for states
- further debt-brake reform in new Bundestag

Deutsche Bank not holding back in describing how important Germany's deal to lift is debt brake is: www.ft.com/content/1886...

One of the FT’s biggest UK reporting jobs was posted this week

Chief UK Business Correspondent

job-boards.eu.greenhouse.io/financialtim...

New fintwit is in danger of becoming a sausage fest like old fintwit so here are some LADIES on a list for you to follow. I made it in my sick bed so 1: sympathy please and 2: tell me who I missed

bsky.app/profile/did:...

The future of inflation 6.30pm Monday 18 Nov | Boris Vujčić, Iain Begg | Registration Required | Free hybrid public event at the LSE

Yep, there’s a video and an audio version of it here if you scroll down: www.lse.ac.uk/european-ins...

I’m contractually obligated to tell you guys the Boston Red Sox added Jhoestynxon Garcia to their 40-man roster and his nickname is “The Password.”

Are we there yet? A journey into monetary policy and medium-term factors − speech by Megan Greene Given at Leeds University Business School

Here you go! www.bankofengland.co.uk/speech/2023/...

The future of inflation 6.30pm Monday 18 Nov | Boris Vujčić, Iain Begg | Registration Required | Free hybrid public event at the LSE

Reminder that there’s an excellent webinar tomorrow on the future of inflation — @economistmeg.bsky.social is involved and that’s usually all the suasion one needs. Tomorrow at 1.30pm EST / 6.30pm GMT

www.lse.ac.uk/european-ins...

The future of inflation 6.30pm Monday 18 Nov | Boris Vujčić, Iain Begg | Registration Required | Free hybrid public event at the LSE

I’m speaking alongside Boris Vujčić (Governor of the Croatian National Bank) at the LSE next Monday on the future of inflation. Details to register are here: www.lse.ac.uk/european-ins...