Carney Discusses BOE Rate Hike, Brexit Risks: Statement

The video discusses the evolution of UK monetary policy over the past two years, highlighting changes in the Bank rate and asset purchases. It examines the economic conditions, including inflation, employment, and growth, and the impact of Brexit on the economy. The video also explores the concept of the equilibrium interest rate and its role in monetary policy decisions. The MPC's strategy to manage inflation and support economic activity is outlined, emphasizing the gradual and limited nature of future rate increases.

How do external factors influence the UK's economic outlook according to the text?

What role does the MPC play in setting monetary policy?

What challenges does the MPC face in the current economic environment?

What are the projected outcomes for inflation and economic growth in the near future?