Carney Says BOE May Tighten Earlier and to a Greater Extent

The MPC aims to balance inflation control with economic support. Since the referendum, employment has risen despite economic challenges. The MPC has adjusted policies, including raising the Bank rate, to manage inflation. Future economic conditions may require further policy tightening. The MPC remains committed to monitoring developments and ensuring inflation returns to the 2% target, maintaining monetary stability for the UK.

What trade-off is the MPC trying to balance according to the text?

How has the strategy of the MPC affected unemployment and employment levels?

What actions did the MPC take in November regarding the Bank rate?

What is the expected future trend for Bank rate increases according to the committee?

What is the ultimate goal of the MPC in terms of inflation?