What Does the BOE Do Upon No-Deal Brexit?

The transcript discusses the Bank of England's perspective on Brexit, highlighting that a no deal Brexit might be easier to manage due to a weaker sterling and a relatively strong UK economy. It mentions the Bank's preparedness for various Brexit outcomes, emphasizing that political decisions will dictate their actions. The transcript also questions the feasibility of rate hikes, citing economic weaknesses and potential challenges even in a soft Brexit scenario.

According to the speaker, who will ultimately decide the actions regarding Brexit?

What does the speaker think about the potential headwinds the Bank of England may face?