Carney: Economic Weakness Reflects Brexit Referendum

The transcript discusses the slowdown in economic growth, highlighting the impact of the UK's EU membership referendum on uncertainty and inflation projections. It examines how asset prices and market perceptions influence the Monetary Policy Committee's (MPC) projections, particularly regarding the sterling exchange rate. The MPC assumes continued EU membership in its forecasts, expecting uncertainty to decrease post-referendum.

What was the annualized growth rate mentioned in the video?

• 2 percentage points

• 1.5 percentage points

• 3 percentage points

• 0.5 percentage points

What major event is contributing to increased uncertainty in the UK?

• The euro crisis

• The Brexit deal

• The UK's referendum on EU membership

• The US presidential election

How much of the sterling exchange rate fall is attributed to the referendum effects?

• Around 25%

• Around 90%

• Around 75%

• Around 50%

What assumption does the MPC make regarding EU membership in its projections?

• The UK will leave the EU

• The UK will remain in the EU

• The UK will join the eurozone

• The UK will negotiate a new deal

What does the MPC assume about uncertainty levels after the referendum?

• They will increase further

• They will remain the same

• They will decrease

• They will fluctuate unpredictably