Speech by external MPC member Megan Greene 2025 ended with interest rate cuts on both sides of the Atlantic. But the outlook for monetary policy in 2026 varies considerably across the world’s major economies, with the UK, US and Euro area also facing different challenges in terms of price pressures, labour market resilience and current interest rate levels. And while monetary policy is set independently, the decisions of these central banks will have implications for the UK economy. In a major speech at the Resolution Foundation, external MPC member Megan Greene will examine the implications of monetary policy divergence between the UK, US, and Euro Area. She will offer an historical overview of policy divergence and some of the main factors driving this, before turning to the potential channels through which divergence influences the UK economy, and the key takeaways for UK monetary policy. Following Megan’s speech we will hear reflections from Rob Wood, Chief UK Economist at Pantheon Economics, before both take part in a Q&A, chaired by Resolution Foundation Chair Executive Ruth Curtice. The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.
