Carney: BOE's Not Indifferent to Moves of the Pound

The transcript discusses the economic adjustments needed due to changes in supply and demand, particularly in the context of the UK's new relationship with Europe. It highlights the role of the bank in providing stimulus, the limits of such measures, and the impact of exchange rate fluctuations. The discussion also covers market perceptions and the future economic outlook, emphasizing the importance of considering these factors in monetary policy decisions, especially in the post-referendum context.

What factors are considered when assessing the balance of supply and demand in the economy?

In what context is the term 'period of adjustment' used in the text?

What limitations are mentioned regarding the stimulus provided by the bank?

How does the exchange rate impact monetary policy according to the text?

What does the text imply about the future of monetary policy in relation to market perceptions?