Ex-MPC Member Blanchflower: Next BOE Move Is Down

The video discusses the Bank of England's interest rate hikes amidst a softening economy and unexpected market reactions. It covers economic forecasts, market expectations, and future strategies, including the potential for rate changes. The impact of Brexit on economic risks is analyzed, highlighting government positions and downside risks. Technical difficulties with accessing the Bank's website and the credibility of forecasts are also addressed.

What is the main reason for skepticism about the Bank of England's interest rate hikes?

• The economy is showing signs of strength.

• The UK is the fastest growing country in the EU.

• Inflation data is rising.

• Real wages and retail sales are falling.

What does the Bank of England's statement suggest if the economy performs as expected?

• Interest rates will be abolished.

• Interest rates will definitely decrease.

• Interest rates might need to rise more than anticipated.

• Interest rates will remain the same.

What has the Bank of England been predicting for a long time?

• A decrease in wage growth.

• A smooth Brexit transition.

• An increase in wage growth and rate hikes.

• A stable economic environment.

What technical issue is mentioned in relation to the Bank of England?

• Problems with the interest rate calculations.

• Errors in the inflation data.

• Inability to access the bank's website.

• Delays in Brexit negotiations.

What is the perceived risk related to Brexit according to the discussion?

• Risks are evenly balanced.

• There are no risks.

• Risks are to the upside.

• Risks are to the downside.