Carney: Brexit Scenario Could Possibly Include Recession

The transcript discusses the independent judgment of the MPC, emphasizing that it is based on rigorous analysis and careful consideration. It explores various scenarios, including the possibility of a technical recession, and highlights the importance of providing information about major risks to the central forecast. The discussion extends to the responsibilities and trade-offs faced by monetary policy, stressing the need for transparency to help the British public understand potential economic paths. The MPC's role in responding to economic uncertainties is also highlighted.

What is the importance of providing perspective on the major risks to the central forecast?

How does the speaker describe the uncertainties in the economy?