BOE Could Adopt 'Sledgehammer' Strategy

The transcript discusses the challenges faced by the Bank of England in adjusting monetary policy amid Brexit uncertainties. It highlights the potential measures like interest rate cuts and quantitative easing, and the complications these could bring, such as impacting bank profitability and pension funds. The discussion also covers the Monetary Policy Committee's dynamics and the argument for a cautious approach due to insufficient data on Brexit's impact and inflation concerns.

Why might the Bank of England choose to 'keep their powder dry' instead of taking immediate action?

What uncertainties are mentioned regarding the impact of quantitative easing?