BOE MPC member Ben Broadbent speaks on debt in London

  • Debt growth is a better risk indicator than debt level
  • Neutral rate of interest more likely to rise than fall in the future

Whether or not debt growth is a better indication of risk in the financial system, debt level is something that shouldn't be overlooked either. I'm sure he's just trying to play down the risks pertaining to the issue but this isn't the best way to go about it in my view.

Either way, there's nothing else in his speech that touches on monetary policy. The full text can be found here.