Carney Says BOE Ready to Act No Matter the Brexit Outcome

The transcript discusses the factors influencing inflation, including higher energy costs and import prices due to sterling's depreciation. It highlights the MPC's stance on monetary policy, suggesting that gradual increases in the Bank rate may be necessary to maintain inflation targets. The economic outlook is significantly influenced by the nature of the UK's withdrawal from the EU, with monetary policy adapting to ensure stability during the transition.

What is the expected trend for CPI inflation according to the video?

• It will fluctuate unpredictably without reaching 2%.

• It will remain below target throughout the forecast period.

• It will stay above target for most of the period before reaching 2% by year-end.

• It will immediately drop to 2% and stay there.

What did the MPC conclude about the current monetary policy stance?

• It needs immediate tightening.

• It is appropriate as it stands.

• It should be loosened immediately.

• It requires drastic changes.

What is the expected pace of future Bank rate increases?

• Non-existent.

• Gradual and limited.

• Rapid and extensive.

• Immediate and significant.

How does the economic outlook depend on the EU withdrawal?

• It is unaffected by the EU withdrawal.

• It depends on the form of new trading arrangements and transition process.

• It solely depends on domestic policies.

• It is entirely unpredictable.

What will monetary policy focus on during the EU transition?

• Ignoring the transition and focusing on other issues.

• Ensuring price stability and supporting the economy.

• Only supporting households.

• Only supporting businesses.