A member of the Monetary Policy Committee at the Bank of England (Boy Bank) Swati Dingra indicated on Wednesday that there is only a central bank policy that it can do in the face of trade -based shocks in order to maintain prices.
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Monetary policy alone is not quite suitable for treating regime price shocks in major sectors such as energy and food.
If the global economy is fragments in an organized manner, the monetary policy may not need to respond.
In a world where external show shocks become more prevalent, it is necessary that independent monetary authority have a clear inflation.
The high American definitions are likely to cause the US dollar to strengthen the short term will have some increasing prices in the UK.
Regarding the overall effect on inflation in the UK from the US definitions, the direct impact of US import costs and the strengthening of the US dollar by lower global prices will be compensated.
