BOE Policy and the Search for U.K. Inflation, Growth

The transcript discusses the implications of the High Court decision and the Monetary Policy Committee's (MPC) response to economic uncertainty. It highlights the holding pattern of the MPC amidst rising inflation expectations and potential growth concerns due to Brexit. The conversation explores the effects of a weakening pound, trade deficits, and the challenges of monetary policy in addressing these issues.

What are the two main stories discussed in the text?

How does the High Court decision impact the monetary policy committee's actions?

What does the term 'holding pattern' refer to in the context of the monetary policy committee's stance?

What uncertainties are mentioned regarding inflation expectations?

How does the speaker perceive the relationship between monetary policy and potential growth?

What are the implications of Brexit on the UK's economic situation as discussed in the text?

What are the potential effects of a weakening pound on inflation and trade?