Bank of England Holds Key Interest Rate Steady in 9-0 Vote

The transcript discusses the economic implications of Brexit, focusing on the uncertainty it brings to growth forecasts and the potential for a rate hike. It highlights the challenges faced by policymakers, particularly in relation to Brexit's impact on the economy and the global trade environment. The UK is noted for its vulnerability to global trade dynamics, which could significantly affect its economic momentum.

What was the general sentiment about the decision to increase the growth forecast amidst Brexit uncertainties?

• It was considered a mistake.

• It was met with widespread criticism.

• There was little surprise.

• It was a complete surprise.

What is the current market expectation regarding the next rate hike?

• It is expected to be delayed indefinitely.

• It is expected by the end of this year.

• It is expected to happen every month.

• It is expected in the spring of next year.

What challenge does Mr. Carney face in his role?

• Predicting the outcome of Brexit.

• Understanding the global stock market.

• Balancing the national budget.

• Managing inflation rates.

How is the UK economy perceived in terms of global trade?

• As a self-sufficient market.

• As a leader in technology.

• As an honorary emerging market.

• As a closed economy.

Why is the UK considered highly exposed to global trade?

• Due to its isolationist policies.

• Because it has no trade agreements.

• Because of its open economy and dependence on trade.

• Due to its large domestic market.