Carney Says Monetary Policy Is Last Line of Defense

The video discusses the coordination of various committees responsible for macroprudential and monetary policies, focusing on financial and monetary stability. It highlights the role of monetary policy as a last line of defense for financial stability and the current economic situation in the UK, where debt is growing in line with the economy. The video also emphasizes the importance of targeted actions to address specific financial issues, allowing monetary policy to focus on returning inflation to target levels.

What is the ultimate objective that the various committees support?

How does the Financial Policy Committee aim to build resilience in the financial system?

What is the current situation regarding debt growth in the United Kingdom?

What targeted actions are being taken to address issues related to consumer credit?

How does the Financial Policy Committee's work allow monetary policy to focus on its job?