Bank governor signals further rate hikes if inflation ‘persistent’

The video discusses the conditional nature of economic forecasts, emphasizing their reliance on financial market prices and policies. It highlights the need to adapt forecasts to economic shocks, referencing a recent inflation figure that exceeded expectations. The video anticipates a sharp decline in inflation due to falling energy prices, with new data expected soon.

What are the conditions under which forecasts are made according to the speaker?

What adjustments must be made to forecasts according to the speaker?

What was the latest figure for inflation mentioned, and how does it compare to previous expectations?

What reasons does the speaker provide for expecting inflation to fall?

How do energy prices impact inflation according to the speaker?