How does the Financial Policy Committee contribute to monetary policy decisions?
Mark Carney Makes his First Inflation Report
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The video discusses the Bank of England's stance on maintaining low interest rates until unemployment falls below 7%. It addresses concerns about potential housing bubbles due to policies like Funding for Lending and Help to Buy. The Financial Policy Committee is tasked with monitoring risks to the economy and advising on monetary policy adjustments. The video also acknowledges the challenges faced by savers due to low interest rates and quantitative easing, expressing sympathy for their situation.
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What message is conveyed regarding the impact of low interest rates on savers?
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