What to Watch for in Today's Bank of England Decision

The video discusses the impact of Brexit and inflation on the UK economy, focusing on the Bank of England's stance on inflation and interest rates. It highlights the potential for growth and inflation forecast upgrades and the market's expectation of a rate hike. The risks posed by Brexit to the economic outlook are also emphasized.

What does Mark Carney's statement about tolerance for above-target inflation imply?

What factors are influencing the market's expectation of a rate hike?