Carney Says BOE May Need to Start Raising Rates Soon

The video discusses the mixed signals in consumer spending and business investment, highlighting the uncertainty in predicting economic growth. It emphasizes the subdued domestic inflationary pressures and the appropriateness of maintaining the current policy stance. The potential need for monetary policy adjustments is considered if economic trade-offs lessen. The discussion includes the impact of weaker consumption growth, business investment, and the economy's reaction to financial conditions and Brexit negotiations. The MPC's decision-making framework is outlined, allowing for anticipation of policy changes based on economic indicators.

In what ways can weaker consumption growth be offset according to the text?

What are the key issues the MPC is debating regarding economic conditions?