Navigating Economic Uncertainty: Insights from the Bank of England’s MPC
On February 12, 2025, business leaders, members of the Institute of Directors (IoD), and economic experts gathered for an insightful discussion at the Institute Business Forum. The session featured Megan Greene, a member of the Bank of England’s Monetary Policy Committee (MPC), alongside Anna Leach. The conversation focused on the impact of global economic trends on the UK economy, providing key insights into the challenges and opportunities ahead.
Megan Greene delivered a comprehensive analysis of crucial economic factors affecting the UK. She addressed interest rates and inflation, outlining the Bank of England’s approach to tackling inflationary pressures. The discussion also covered global trade and tariff wars, explaining how geopolitical tensions and trade policies shape the UK’s economic trajectory. Additionally, she explored the balance of trade and the rise of economic multipolarity, shedding light on the shifting dynamics of global economic power and their implications for the UK.
Attendees gained valuable insights into the Bank of England’s economic projections and potential policy measures to navigate ongoing uncertainties. Supported by data-driven analysis, the discussion helped business leaders understand how these global factors influence their operations, investments, and strategic planning. The forum underscored the importance of proactive economic strategies to ensure stability and growth in an evolving global landscape.
Among the key participants was Godson Azu, CEO of Cater and Merger Consult UK, who engaged in discussions on the role of business leadership in adapting to economic changes. Organizations such as IoD Emerging NEDs, IoD Finance and FinTech Group, Westminster Group plc, and the Federation of Small Businesses (FSB) also contributed to the dialogue, reinforcing the significance of collaboration between policymakers and the business community in shaping the future of the UK economy.
