What Does the BOE Do Upon No-Deal Brexit?

The transcript discusses the Bank of England's perspective on Brexit, highlighting that a no deal Brexit might be easier to manage due to a weaker sterling and a relatively strong UK economy. It mentions the Bank's preparedness for various Brexit outcomes, emphasizing that political decisions will dictate their actions. The transcript also questions the feasibility of rate hikes, citing economic weaknesses and potential challenges even in a soft Brexit scenario.

What is considered the easiest scenario for the Bank of England to manage?

• A hard Brexit

• A second referendum

• A no-deal Brexit

• A soft Brexit

Why might a no-deal Brexit be beneficial for the UK economy according to the transcript?

• It would lead to higher interest rates.

• It would increase trade with Europe.

• It would result in a cheaper sterling.

• It would make sterling more expensive.

Who will ultimately decide the course of action for Brexit according to Mr. Carney?

• The Bank of England

• The European Union

• The UK politicians

• The general public

What is the Bank of England's stance on delivering rate hikes?

• They are confident in raising rates.

• They are uncertain about raising rates.

• They believe the economy is too weak for rate hikes.

• They plan to lower rates instead.

What challenges might the Bank of England face even in a soft Brexit scenario?

• Economic headwinds

• Increased inflation

• Higher unemployment

• Political instability