Brexit Looms Over BOE's Super Thursday

The video discusses the potential impacts of Brexit on the UK economy, focusing on the uncertainty it brings and how it might affect monetary policy. The Bank of England is expected to maintain a cautious approach, possibly downgrading growth forecasts and keeping monetary policy on hold until after the referendum. The discussion includes the potential for rate cuts or hikes depending on the referendum outcome, and the broader economic implications, such as trade, migration, and investment. The video also explores how Brexit could affect the pound and gilt markets, emphasizing the importance of political unanimity in decision-making.

What is the primary concern of the Bank of England regarding Brexit's short-term impact?

• Political stability

• Currency exchange rates

• Economic uncertainty

• Trade agreements

What is the expected outcome of the Bank of England's vote on monetary policy?

• A rate hike

• A rate cut

• A split decision

• A unanimous vote to maintain current policy

How might the Bank of England respond if Brexit does not occur?

• Introduce new trade tariffs

• Increase rates

• Maintain current policy

• Implement a rate cut

What is the long-term economic impact of Brexit on UK GDP by 2030, according to the transcript?

• GDP will increase by 6%

• GDP will decrease by 3%

• GDP will decrease by 6%

• GDP will remain unchanged

What action might the Bank of England take if there is a significant rise in the gilt curve?

• Decrease asset purchases

• Increase asset purchases

• Introduce new currency measures

• Implement a rate hike