boe speech, 2025-07-15
Second, it follows from this that - and I say this in the spirit of constructive challenge and engagement, the best sense of multilateralism - the US does need to explain how it can regard its internal imbalance as sustainable and its external imbalance as not so, and how it envisages the internal balance responding to an adjustment of the external balance flowing from tariffs taking effect.
Sentiment: neutral
Topic: mp_economic_activity