BNP Paribas' Mutkin Says BOE Will Not Hike This Year

The video discusses the current economic situation in the UK, focusing on house prices, inflation, and the Bank of England's monetary policy. It examines the likelihood of interest rate hikes, the bank's mandate prioritizing inflation over growth, and market expectations. The bond market's perspective on inflation and the bank's approach to letting the economy run hot are also explored.

What is the current inflation rate mentioned in the text?

What does the speaker suggest about the possibility of rate hikes?

What is the mandate of the Bank of England according to the text?

How does the speaker perceive Mark Carney's stance on inflation?

What is the speaker's view on the bond market's reaction to the Bank of England's policies?