BOE to Provide All the Stimulus It Can in Event of No Deal Brexit

The video discusses the economic implications of a no-deal Brexit, emphasizing the need to provide economic support while maintaining price stability. It highlights the inflationary pressures from tariffs and exchange rate changes, and the potential reduction in supply capacity. The video also outlines the limitations of economic support and stresses the importance of the financial system's readiness for Brexit, with a focus on maintaining a 2% inflation target.

What is the primary goal of the economic stimulus in a no-deal Brexit scenario?

• To increase the exchange rate

• To maintain low and stable inflation

• To reduce tariffs

• To enhance supply capacity

Which factor is directly inflationary in a no-deal Brexit scenario?

• Reduction in demand

• Decrease in exchange rate

• Tariffs

• Increase in supply capacity

What is a challenge in managing inflationary pressures in the short term?

• Unlimited ability to support the economy

• Reduction of supply capacity

• Stable demand adjustment

• Decreasing tariffs

What is the role of the financial system during Brexit?

• To increase tariffs

• To ensure the financial system is ready for Brexit

• To decrease inflation to zero

• To reduce the exchange rate

What is the inflation target set by Parliament?

• 2%

• 1%

• 3%

• 4%