Carney's Opening Statement at BOE News Conference

The transcript discusses the economic implications of Brexit, focusing on the UK's new relationship with the EU. It highlights the impact on monetary policy, inflation, and GDP growth. The MPC's projections assume a smooth transition, affecting demand and supply. Market reactions, particularly in sterling, have been swift, while households and businesses have been slower to adjust. The document outlines the expected inflation trends and potential monetary policy adjustments needed to maintain economic stability.

What are the expected trends in GDP growth and inflation in the near term according to the MPC?

How might the uncertainties surrounding Brexit affect business investment in the UK?

What assumptions does the MPC make regarding the transition to a new economic relationship with the EU?