BOE Holds Rates Steady, Sees GDP Rising

The video discusses the Bank of England's decision to maintain interest rates at 0.25% and keep the asset purchase program at £435 billion. It highlights the 2017 high of Sterling and its subsequent retreat. The Bank raised its GDP forecast for 2017 to 2% and for 2018 to 1.6%. Inflation is a key concern, with a forecast of 2.4% over a three-year policy horizon. The Monetary Policy Committee members express increased concern about inflation, and the cable rate sees a slight increase.

What is the current interest rate maintained by the Bank of England?

• 0.25%

• 0.50%

• 0.75%

• 1.00%

What is the revised GDP forecast for 2017 by the Bank of England?

• 2.4%

• 1.6%

• 2.0%

• 1.4%

What is the expected inflation rate over a three-year policy horizon according to the Bank of England?

• 2.4%

• 3.0%

• 2.7%

• 2.0%

What is the unchanged CPI outlook for 2017?

• 2.0%

• 3.0%

• 2.4%

• 2.7%

How did the pound react during the session following the Bank of England's announcement?

• It increased by 1/10 of 1%

• It increased by 1/3 of 1%

• It remained unchanged

• It decreased by 1/3 of 1%