BOE’s Bailey on Inflation, Balance Sheet, Labor Market

The video discusses the economic recovery post-COVID, emphasizing the reduced impact of successive waves on economic activity. It outlines the strategy for unwinding the balance sheet, aiming for predictability to avoid market turbulence. The discussion includes an analysis of pricing and inflation trends, highlighting the temporary nature of inflation spikes. The impact of the furlough scheme on the labor market is examined, along with the potential for increased education participation. Finally, the video touches on the bank bonus cap post-Brexit, noting no current plans for its removal.

What factors contribute to the confidence in economic recovery mentioned in the text?

How has the impact of COVID on economic activity changed over time according to the speaker?

What is the speaker's view on the predictability of the unwinding process of the balance sheet?

What concerns does the speaker express regarding market turbulence during the unwinding process?

What are the implications of inflation expectations on monetary policy as discussed in the text?

How does the speaker describe the current state of the labor market in relation to the furlough scheme?

What is the speaker's stance on the bank bonus cap post-Brexit?