What was the new Bank rate set by the Bank of England, and why is it significant?
UK: The Bank of England raised interest rates for the fifth time in a row today

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1.25%, the highest since 2009
1.5%, the highest since 2010
2.5%, the highest since 2015
0.75%, the highest since 2005
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are families and businesses affected by the current economic conditions?
They are experiencing lower costs and increased savings.
They face higher costs and need more support from banks.
They are unaffected by inflation and interest rates.
They benefit from lower interest rates on loans.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenges does the textile company in Mansfield face due to inflation?
Lower quality of materials
Decreased demand for products
Higher input costs and labor shortages
Increased competition from overseas
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do current interest rates compare to those in the 1970s and early 2000s?
Current rates are similar to the 1970s but higher than the early 2000s.
Current rates are higher than the 1970s but lower than the early 2000s.
Current rates are lower than both periods.
Current rates are higher than both periods.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of central banks in managing economic stability?
To decrease employment rates
To control inflation and prevent recessions
To raise taxes and interest rates
To increase inflation rates
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