UBS's Cluse Sees Real Brexit Consequences for BOE

The video discusses the uncertainty surrounding the UK's economic future due to Brexit, with UBS predicting slower growth rates. It examines the Bank of England's neutral stance amidst economic slowdown and rising inflation, suggesting that inflation is temporary and will eventually decrease, allowing the Bank to maintain its position.

What was the UK's economic growth rate last year according to the transcript?

• 0.9%

• 2.2%

• 3.0%

• 1.4%

Why does UBS have a cautious economic growth forecast for the UK?

• Due to high inflation rates

• Because of Brexit-related uncertainties

• Because of a booming economy

• Owing to strong economic policies

What stance is the Bank of England expected to maintain due to Brexit uncertainties?

• Neutral

• Aggressive

• Hawkish

• Dovish

What was the Bank of England's stance earlier in the year?

• More hawkish

• More dovish

• Indifferent

• Completely neutral

What is the expected trend for inflation according to the transcript?

• It will continue to rise indefinitely

• It will stabilize at current levels

• It will drop sharply immediately

• It is expected to slow down over time