Why the Bank of England Doesn’t Want to Hike Rates

The transcript discusses the Bank of England's growth and inflation forecasts, the impact of Brexit, and the challenges of maintaining credibility amidst inflationary pressures. It highlights the shift in unemployment rate assumptions and the potential for wage increases. The discussion also touches on the global trend of moving from central bank-driven policies to fiscal policy, with examples from the US, China, and Japan.

Discuss the relationship between wage growth and inflation as mentioned in the text.

What changes in fiscal policy are anticipated in response to the current economic situation?