BOE Needs Flexibility Amid Brexit Uncertainty, BNY's Derrick Says

The video discusses the potential interest rate hike by the Bank of England, with projections from Bloomberg Economics. It explores the reasons behind interest rate changes, particularly in relation to inflation control. The discussion includes the strategic considerations of central banks, emphasizing the need for flexibility in uncertain times, especially with Brexit looming. The impact of Brexit on the currency market and the potential for significant economic shifts are also examined.

How does the speaker view the relationship between interest rates and economic flexibility?

What uncertainties are highlighted regarding the future of the pound and Brexit negotiations?