Barclays-CEPR Monetary Policy Forum

Geopolitics was the key theme at the Barclays-CEPR Monetary Policy Forum this week, where policymakers, economists and market participants explored how central banks are responding to a world shaped by greater uncertainty.

The discussions highlighted three realities shaping the outlook:

• Supply shocks are becoming more frequent, complicating the inflation outlook and policy response.
• Geopolitical developments are increasingly influencing growth, inflation and market expectations.
• Scenario analysis is playing a bigger role as policymakers prepare for a wider range of potential outcomes.

Thank you to Beatrice Weder di Mauro, President of CEPR; Alan Taylor, External Member of MPC for the BoE; Frederic Mishkin, Alfred Lerner Professor of Banking and Financial Institutions Economics Division at Columbia University; and Boris Vujčić, Vice President of ECB for sharing their perspectives, and to Christian Keller, our Head of European Economics and Marc Giannoni, our Head of US Economics, for introducing and moderating a thoughtful discussions throughout the day.