BOE: Beware of the 'Brexit'

The video discusses the uncertainty surrounding the upcoming EU referendum and its impact on the UK economy, particularly the pound. It highlights the Bank of England's stance on interest rates, noting that despite speculation, no rate cuts were discussed. The video also examines the economic outlook, emphasizing the solid domestic economy but acknowledging increasing global risks.

What was one of the major topics discussed by the MPC regarding the EU referendum?

• The future of the Eurozone

• The role of the European Central Bank

• The impact of Brexit on the pound and economic growth

• The potential for new trade agreements

Why did some people expect a discussion on interest rate cuts by the Bank of England?

• To boost the housing market

• To align with the European Central Bank

• Because of increasing speculation in recent months

• Due to rising inflation

What was the Bank of England's stance on the economy during the recent meeting?

• They decided to increase interest rates

• They maintained their previous stance from the February report

• They announced a new economic stimulus package

• They expressed optimism about the global economy

What anniversary was marked by the decision to keep interest rates on hold?

• 7th anniversary of interest rates at a record low

• 15th anniversary of the Euro introduction

• 5th anniversary of the financial crisis

• 10th anniversary of the Bank of England's independence

How does the Bank of England's view on external risks compare to the Federal Reserve's?

• The Bank of England is more optimistic

• The Federal Reserve sees more risks

• Neither sees any significant risks

• Both see increasing downside risks