Carney: 'Quite Comfortable' With Steps Taken Pre-Brexit

The transcript discusses the committee's detailed inflation report and its implications on the exchange rate, demand, and supply. It explores scenarios where these factors could lead to changes in monetary policy, referencing stress tests conducted by the bank. The effectiveness of contingency measures in stabilizing the financial system and exchange rate is highlighted. The role of monetary policy in providing economic support and stimulus is examined, emphasizing preparation and effectiveness in adjusting to economic changes, particularly in the context of the EU referendum.

What were the main factors discussed that could influence monetary policy decisions?

• Employment rates and productivity

• Government spending and taxation

• Interest rates and inflation

• Exchange rate, demand, and supply effects

What role did international agreements play in the financial system's stability?

• They ensured smooth functioning despite market surprises

• They increased interest rates

• They reduced government debt

• They led to a decrease in inflation

How did the contingency measures affect the exchange rate?

• They led to a decrease in the exchange rate

• They had no impact on the exchange rate

• They prevented an overshoot in the exchange rate

• They caused an overshoot in the exchange rate

What was the intended effect of the economic stimulus discussed?

• To reduce government spending

• To decrease interest rates significantly

• To support housing and commercial real estate markets

• To increase inflation

In the context of the EU referendum, what was the goal of the measures taken?

• To increase trade barriers with the European Union

• To make the leaving of the European Union a success quickly

• To delay the leaving of the European Union

• To reduce the impact of the referendum on the economy