This is my first speech as a Deputy Governor and member of the Monetary Policy Committee (MPC) at the Bank of England. I am going to use the speech to describe my approach to monetary policy and how I am applying it to the situation the MPC currently finds itself in. I can think of few better places to do so than a ‘Talking Policy’ seminar, and I am very grateful to have been invited along to speak to you all today. 2. I will focus on a few important questions. Where is the economy now? How did we get here? What could happen next? What does that mean for my approach to monetary policymaking? And finally, why is that ... (full story)