BOE's Carney: We Could Deliver More Stimulus

The transcript discusses the Bank of England's approach to monetary policy, focusing on how conventional and unconventional measures interact with the financial system. It highlights the Monetary Policy Committee's (MPC) role in supporting economic adjustment and targeting inflation. The comprehensive policy package is designed to address economic shocks and uncertainties, with potential for further actions based on data forecasts. The Bank's response to the referendum includes measures to stabilize the financial system and improve credit conditions. The Bank remains ready to take necessary actions for monetary and financial stability as the UK adapts to new realities post-EU.

What is the primary goal of the Bank's tailored approach to monetary measures?

• To focus solely on conventional measures

• To decrease the value of currency

• To avoid unintended consequences

• To increase inflation rapidly

What is the MPC's strategy to ensure a sustainable return of inflation to target?

• Focusing only on short-term goals

• Supporting necessary economic adjustments

• Ignoring the scale of economic shock

• Implementing a single monetary policy

Which of the following actions can the MPC take to adjust its monetary policy package?

• Focus on a single channel

• Ignore incoming data

• Decrease the number of committees

• Increase the size of the TFs

What was the basis of the Bank's policy response to the referendum?

• Ignoring public communications

• Months of extensive analysis and planning

• Immediate reaction without prior analysis

• Focus on short-term gains

How does the Bank of England plan to support the UK as it adjusts post-EU?

• By reducing credit availability

• By ignoring new opportunities

• By standing ready to take necessary actions

• By focusing only on domestic policies