BOE May Make Smaller Adjustments, Says RBC's Lignos

The transcript discusses the potential for monetary policy shifts in the UK, highlighting dissent within the MPC and the softening of economic indicators. It examines the Bank of England's survey measures and the evolving economic expectations post-referendum. The discussion also covers the concept of nimble monetary policy, with examples from the ECB and the Fed, suggesting a move away from traditional consistent cycles.

What was the main reason for the limited movement in Sterling despite the MPC dissent?

• Stable global markets

• Increased foreign investments

• Softening fundamentals of the UK economy

• Strong fundamentals of the UK economy

According to Kristin Forbes, when is the economic slowdown expected to materialize?

• Immediately

• In 24 months

• In 6 months

• In 12-18 months

What is the risk associated with the UK's economic recovery as mentioned in the transcript?

• Stable recovery

• Immediate recovery

• Overestimating the recovery

• Underestimating the recovery

What does Kristin Forbes suggest about monetary policy?

• It should be predictable

• It should be slow

• It should be nimble

• It should be rigid

How has the Federal Reserve's approach to monetary policy changed in recent years?

• Consistent downward cycles

• Consistent upward cycles

• Smaller, less frequent adjustments

• No changes