UK Inflation Eases From 40-Year High

UK Inflation Eases From 40-Year High

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the current state of inflation in the UK, highlighting a slight decrease to 9.9% but noting concerns about core inflation trends. It examines the impact of energy prices and government measures on inflation forecasts. The discussion also covers rising wages and their contribution to demand-driven inflation. The Bank of England's monetary policy is critiqued for being behind the curve, with predictions of further interest rate hikes. The video concludes with an economic outlook, suggesting potential interest rate cuts in 2023 due to recession risks.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current inflation rate mentioned in the video, and how does it compare to previous forecasts?

9.9%, which is higher than previous forecasts

10.1%, which is lower than previous forecasts

9.9%, which is lower than previous forecasts

10.1%, which matches previous forecasts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is contributing to demand-driven inflation in the UK?

Decreasing energy prices

Rising wages

Decreasing consumer demand

Stable interest rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the Bank of England's approach to interest rates described in the video?

Proactive and ahead of the curve

Cautious and behind the curve

Aggressive and leading the market

Unpredictable and inconsistent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected terminal interest rate in the UK by early 2023?

4%

3.5%

3%

2%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the predicted trend for UK interest rates later in 2023?

Further rate hikes due to economic growth

Rate cuts due to recession risks

Stable rates with no changes

Rate hikes to match US policies