Carney: Data Suggests U.K. Bit Stronger Than BOE Forecast

The transcript discusses the latest OS and Q3Q4 growth estimates, highlighting a committee's judgment and survey data. It analyzes growth trends, noting a stronger than expected bounce back post-referendum. The bank's timely actions have positively impacted financial conditions, reinforcing confidence. The transcript concludes with a discussion on forecast revisions, emphasizing that the Bank of England's forecasts were more optimistic than private sector predictions.

What was the initial growth estimate for Q3 according to the market?

• -0.1%

• 0.1%

• -0.4%

• 0.4%

What was one of the reasons for the economic bounce back?

• Decrease in exports

• Higher interest rates

• Timely action by the Bank

• Increased consumer spending

What impact did the Bank's actions have on financial conditions?

• No impact

• Conditions worsened

• Conditions improved

• Conditions remained the same

How did the Bank's initial forecast compare to the consensus?

• It was more pessimistic

• It was more optimistic

• It was not mentioned

• It was the same

What did the two Morgans do regarding their GDP figures?

• Revised them down

• Revised them up

• Kept them the same

• Did not revise them