BOE's Mark Carney TSC Testimony in 50 Seconds

The transcript discusses the Monetary Policy Committee's (MPC) expectations for inflation peaking around October or November, noting the use of spare capacity and emerging domestic pressures. The committee considers raising interest rates in the coming months to ensure economic sustainability. Preparations are underway for potential economic changes, including a 'hard exit,' with less preparation observed in the European Union.

What is the expectation regarding inflation as mentioned in the text?

What evidence is mentioned regarding domestic pressures?

What is the judgment of the majority of the committee regarding interest rates?

What preparations are being made for a potential hard exit?

How does the level of preparation in the European Union compare to that mentioned in the text?