BOE's Carney: MPC Will Address Brexit Vote Consequences

The transcript discusses the implications of a decision on June 23rd, focusing on the limits and roles of monetary policy in addressing economic shocks. It highlights how monetary policy can align demand with supply over the medium term to meet inflation targets but cannot immediately offset all shock effects. The discussion also covers the impact of economic growth on jobs, wages, and wealth, emphasizing that these are influenced by larger decisions beyond monetary policy. Finally, it outlines the Bank of England's role in promoting financial stability and managing inflation.

What is the role of monetary policy in achieving the inflation target?

What will be the Bank of England's best contribution to the people of the United Kingdom?