BOE Keeps Key Rate at 0.25%: Carney's Statement

The transcript discusses the UK's economic outlook post-Brexit, highlighting the differing responses of households and financial markets. It covers the MPC's projections, noting a slowdown in consumption growth and GDP, while Sterling appreciates. The global economic outlook has improved, supporting UK trade. Inflation is above target due to Sterling's depreciation, with wage growth remaining weak. The MPC balances inflation control with economic support, considering the trade-off between inflation and slack. The forecast relies on wage growth and stable demand, with monetary policy adapting to economic changes.

What factors are influencing the MPC's projections regarding the UK's departure from the EU?

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How have financial markets and households responded differently to the UK's decision to leave the EU?

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What is the MPC's expectation regarding consumption growth in the near term?

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What are the projected inflation trends according to the MPC, and what factors contribute to these trends?

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How does the MPC plan to balance inflation control with support for jobs and economic activity?

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What role does wage growth play in the MPC's economic forecasts?

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In what ways might the UK's new trading arrangements with the EU impact the economy and inflation?

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