Making the Post-Brexit Case for and Against Lower Rates

The transcript discusses the economic implications of recent decisions by the Bank of England, highlighting the potential for lower growth and higher inflation. It includes perspectives from a Baroness on market expectations and policy stability. The discussion also covers the use of monetary tools and forecasts a possible recession. Additionally, the Italian banking crisis is examined, emphasizing the political challenges involved in resolving it.

What are the potential implications for the economy mentioned in the text?

What does the phrase 'the Old Lady of Threadneedle St' refer to in the context of the text?

According to the text, what is the expected action of the Bank of England regarding interest rates?

How does the text describe the relationship between banking resolution and politics?

What challenges are mentioned regarding the resolution of the Italian banking crisis?