U.K. Economy Defies Brexit in 0.6% 4Q GDP Gain

The video discusses the UK's economic performance post-Brexit, highlighting a 0.6% GDP growth in Q4, surpassing expectations. Key sectors like business services and finance benefited from a weaker currency. Concerns are raised about consumer spending relying heavily on credit and real wage growth. The Bank of England is expected to use macroprudential tools instead of raising interest rates to address financial stability, particularly in the housing market. Inflation targets are set for the long term, with an upcoming report providing further insights.

In what ways could the Bank of England use macroprudential tools instead of raising interest rates?

What implications does the upcoming inflation report have for the Bank of England's monetary policy?