BOE Unanimous on Rates, but Is Dissent Growing?

BOE Unanimous on Rates, but Is Dissent Growing?

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses potential divergences within the policy committee, particularly highlighting Mr. Fleeger's and Andy Haldane's differing views. It addresses the challenges faced by the Bank of England in sending a strong message before the vote, given the softness in data and rising uncertainty index. The discussion also covers investor concerns about forecasting outcomes and Governor Carney's communication on the potential negative consequences of an exit vote. The Bank of England's readiness to react to developments is emphasized.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which newcomer to the MPC has shown a low tolerance for data softness?

Joe

Governor Carney

Andy Haldane

Mr. Fleeger

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic indicator has reached its highest level since 1997?

Composite PMI

Uncertainty Index

Inflation Rate

Interest Rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge for investors according to the transcript?

Analyzing the inflation rate

Interpreting the interest rate changes

Predicting the outcome of the vote

Understanding the MPC's decisions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has Governor Carney communicated regarding the vote's outcome?

It will lead to economic growth

It will have balanced consequences

It will have unbalanced negative consequences

It will have no impact

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Bank of England's approach to potential developments post-vote?

To react to any development

To ignore them

To decrease inflation

To increase interest rates