Mark Carney: BOE Alone Can't Deliver Prosperity

The transcript discusses the limitations of financial stability in achieving prosperity and the challenges faced by the Bank of England. It highlights the importance of the UK's relationship with the EU and necessary reforms for medium-term prosperity. The Bank of England's role in supporting adjustments and ensuring financial system resilience in the face of Brexit is emphasized. Monetary policy will be set to achieve inflation targets while supporting real adjustments and job creation.

What is emphasized as foundational but not sufficient for prosperity according to the Bank of England?

• Productivity improvements

• Independence of the bank

• Housing affordability

• Monetary and financial stability

What is identified as a major determinant of the UK's medium-term prosperity?

• The Bank of England's monetary policy

• Increased productivity

• The UK's new relationship with the EU

• Housing market reforms

What is beyond the scope of monetary policy makers according to the transcript?

• Setting inflation targets

• Real nature of necessary adjustments

• Ensuring financial stability

• Providing credit to businesses

How does the Bank of England plan to support adjustments related to Brexit?

• By reducing the capital of banks

• By changing its statutory obligations

• By using all powers consistent with its remits

• By increasing interest rates

What will the financial system have the capacity to do according to the Bank of England?

• Reduce inflation

• Increase housing affordability

• Finance the transition and seize new opportunities

• Improve productivity