Goldman's Wilson Expects BOE Policy to Remain on Hold

The video discusses the Bank of England's focus on the impact of Brexit on sterling, inflation, and interest rates. It highlights the inflationary pressures on consumers and the lack of wage growth despite a strong labor market. The discussion also covers the reluctance of businesses to invest or raise wages due to economic uncertainty, particularly in the UK, and the broader implications for consumer spending and economic growth.

What is the significance of the Bank of England's inflation mandate in their decision-making process?

In what ways is the economic outlook in the UK described as soft?