BOE Warns of Brexit Twists as U.K. Continues Growth

The transcript discusses concerns about inflation and GDP forecasts, highlighting the unchanged inflation outlook despite market expectations. Mark Carney maintains a neutral stance, providing no clear policy signals. Interest rates are not expected to rise until May 2018, with discussions on employment slack suggesting more room for economic maneuvering. Brexit's impact and consumer resilience are noted, with emphasis on consumer spending and real income. Market expectations and Sterling's role in inflation are also discussed, with Carney hinting at potential currency appreciation.

What factors did Mark Carney emphasize as important for future economic direction?

What impact did the weaker sterling have on inflation expectations?