Blanchflower: BOE Inaction Clearly a Surprise

The video discusses the unexpected BYOE move and its implications on the economy, particularly in the context of Brexit. It highlights the use of economic indicators to predict recessions, drawing parallels to the 2008 financial crisis. The impact of Brexit on the British pound and the potential strategies of the Bank of England are examined. The video concludes with a discussion on the Central Bank's response strategy and the challenges faced by fiscal authorities.

How did the speaker describe the language used in the minutes?

What were the indicators that suggested a decline in business and consumer sentiment?

What reasons were given for the delay in the package of measures?

What parallels were drawn between the current situation and the Great Recession?

What concerns were raised about the potential actions of the Bank of England?