What is the Bank of England's approach to short-term inflation driven by sterling?
U.K. Inflation at Highest in Almost Two Years

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They immediately adjust interest rates.
They ignore it completely.
They focus on the long-term effects.
They increase consumer demand.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the UK inflation measure differ from the US?
The UK has a higher inflation target.
The UK uses a different currency.
The US focuses more on core PCE.
The US does not have an inflation target.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of Brexit on UK wages?
Wages are likely to remain subdued.
Wages will decrease significantly.
Wages are expected to rise rapidly.
Wages will match US levels.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor might drive US inflation higher in the next year?
Decreasing rental vacancy rates.
Increasing global oil prices.
Decreasing consumer spending.
Rising unemployment rates.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between inflation and wage demands in the US?
Higher inflation leads to higher wage demands.
Wage demands decrease inflation.
Inflation has no effect on wage demands.
Higher inflation leads to lower wage demands.
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