Bank of England governor speaks after Chancellor unveils City pensions reforms

The video discusses the UK's economic situation, focusing on inflation and productivity. It highlights the impact of global events like the pandemic and the war in Ukraine on inflation. The central bank's role in controlling inflation through monetary policy is emphasized, with references to Soren Kierkegaard's philosophy. The UK's economic resilience is noted, with low unemployment rates and avoidance of recession. Future strategies include securing the value of money amid technological innovation.

How has the UK economy shown resilience despite the challenges mentioned?

What is the primary goal of the Monetary Policy Committee as discussed in the text?