the mpc's reasoning.n the conditioning assumption of a smooth brexit, the committee continues to judge that an ongoing tightening to monetary policy over the forecast period and a gradual pace into a limited extent would be appropriate for the target at a conventional horizon. with that, we would be pleased to take your questions. >> ok. as always, please make sure you give us your name in the organization you represent, and please stick to one question each for the first go around. you. lead off with >> thank you. given the forecast you've with end of demand by , enormous circumstances. that there is a full brexit, what can we do with the pace of gradual interest rate rises down the road? can you share some light on that? gov. carney: i think the way we would put it is it something broadly like this forecast comes of time whenriod there is not growing, but then that resolution is some form of with movement, it will require interest rate re-creases over that period, and more and more interest rate increas

if you think about the trifecta of issues that could drive union,g, one, eu customs more aggressive mpcn we think or that we are pricing at the moment. is the bar very low to a rate hike and therefore an adjustment in the pricing? >> i think the bar is lower than the market seems to think. soon. maybe too if we get some political genuine progress between now and august and if the data stays on track -- i mean, if you look at retail sales, the consumer in the u.k. is spending money. they are anxious. confidence is subdued. but look at retail levels accelerating rapidly. veryank of england has a strict remit around cpi. if it see is there are risks of an overshooting on its inflation forecast, the oil price has gone up a lot, they will feel it incumbent on them to act. they also see incidentally that should brexit go wrong and things politically start to unravel, if they have raised rates again in the interim, it gives them more ammunition to fight severe downside risks to the economy. the debate is not as complicated for them as some people are expect. we think later on today they will l

i know you're no longer endorsing oil stocks however, you recommended mpc >> i know, can you believe low that -- that's one of the reasons why i wasso afraid to be able to recommend it, best run in the industry and nobody cares at all and that's what's happened to the oil stocks and that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightning round is sponsored by td ameritrade >>> it's gotten so big, venmo is a verb i hate them but i have to pay attention. >> i'm walking here. >> i was going to put the knife to this but then people say, oh, he hates apple i don't. i think you should own it, not stab somebody. the unicorns, i hate the unicorns, they've exhaust us >> go patriots >> go patriots >> the hell? ♪♪ ♪♪ >>> for years, we've heard about the skills gap the idea that we don't have enough workers with the right skills to get the kinds of jobs that are being created but you rarely hear about solutions to the skills gap for what's called the new collar economy, solutions like ptech, pathways in technology early college high schools these are publ

legislative matter it's one party in china, but it's a large party, and maybe they want to keep the mpcand not have too much controversy on this particular issue i think the message is from china, we largely agree with you, but it's going to take time for us to get the type of intellectual property protection reformations that you're looking for. so, this is the reason, this is the major reason why, unless trump is willing to be more understanding and patient, it's the major reason why i don't expect a deal to be struck this weekend. >> all right so, we go down maybe to 2,800, which wouldn't be the end of the world, down 5% mike, check these numbers out. so, then he thinks 2,750 to 2,950 range through the summer, exceeding 3,000 at some point, maybe not until year end 2019 or early 2020 and then he gives me all of 3,500, bianco does, 3,500 by the end of 2022. you're not even -- you're not a bull did you do the math on that? okay, so that's 3 1/2 years. that's like 3% compounded -- >> don't forget to add the dividend it's 7% -- >> not compounding it's not. >> don't forget the ten-year tr

, so we saw cpi at1.2% directions for the mpc, so we saw cpi at 1.2% of the target is 2%.ourse, the bank of england takes a broader view, and given the huge amounts of uncertainty and the numerous downside risks for the uk economy, i think the most action we can expect from mpc this year would potentially be one rate hike at the end of 20 2019, no more than that. thank you, nina skero. a quick look at the markets? yes, royal mail i put in there, because they are bringing in a second daily parcel delivery, and people are very excited about that. they seem to be doing reasonably well. a 6% rise in their shares. headlines coming up. let's look at the weather in the with helen. thank you very much indeed. higood thank you very much indeed. hi good afternoon. plenty of sunshine around across the uk at the moment, but that is not everyone's a cup of tea. not a large amount of rain in the forecast in the coming days, except for the north of the country, where we have most of our rain today as well. a few spots on this week where the front starting. this week where the front dry w