BOE's Carney Speaks on Economy, Rate Path: Statement

The transcript discusses the centenary of women's suffrage and the 25th anniversary of the inflation report. It highlights the current strength of the global economy, with robust growth driven by investment. The UK benefits from global demand and a weaker sterling, but Brexit uncertainties restrain investment. Inflation remains above target due to import prices, but domestic pressures are rising. The MPC anticipates gradual monetary tightening to manage inflation and support economic stability amid Brexit uncertainties.

What are the projections for GDP growth over the forecast period?

How is inflation expected to behave in the short term according to the text?

What are the expected future trends in wage growth and labor costs?