Vlieghe Sees BOE Stimulus If Brexit Uncertainty Endures

The video discusses the volatility in quarterly GDP growth, highlighting the impact of Brexit uncertainty on business investments and consumption growth. It examines the increase in economic slack and its implications for monetary policy. The video outlines three Brexit scenarios: a near-term deal, entrenched uncertainty, and a no-deal Brexit, each with different economic outcomes. The Monetary Policy Committee (MPC) will act to maintain inflation targets while supporting growth and jobs.

What impact does entrenched Brexit uncertainty have on economic growth?

What actions will the MPC take in response to the different Brexit scenarios?