Good afternoon and thanks for having me. It is a pleasure to give this speech, virtually, at UWE Bristol. Over the past year, the MPC used a range of policy tools to contribute to supporting the economy and bringing inflation back to target. We also discussed various other tools that might be needed at some point in future. We always keep our toolkit under review, and given the events of 2020, I am sure it is not surprising that those discussions continued over the year. The MPC set out its collective view on one of those tools, negative interest rates, in a box in its August 2020 Monetary Policy Report. Following ... (full story)