Gilles Moec: 3% U.K. Inflation 'Certainly Within Range'

The video discusses the impact of oil prices and Brexit on UK inflation, highlighting the stronger-than-expected inflation rates and the role of currency depreciation. It contrasts the UK's situation with the US, where inflation reflects better economic conditions. The discussion also covers the implications of Brexit on monetary policy, suggesting a dovish approach due to economic uncertainties. Finally, it examines European productivity, noting that excluding the IT sector, productivity growth in Germany, France, and the US is similar, but structural reforms in Europe have stalled.

What are the main factors contributing to the unexpected strength of UK inflation?

• Government fiscal policy

• Strong economic growth

• High oil prices and Brexit

• Increased consumer spending

How does the UK inflation differ from that in the US?

• UK inflation is driven by strong economic growth

• UK inflation is largely due to currency depreciation

• US inflation is due to currency depreciation

• Both are driven by high oil prices

What is the suggested monetary policy stance for the UK amidst Brexit uncertainties?

• Aggressive tightening

• Dovish approach

• Neutral stance

• Immediate rate hikes

Which sector significantly contributes to the productivity growth difference between the US and Europe?

• Agriculture

• IT sector

• Construction

• Healthcare

What is the outlook for productivity growth in Europe for 2017?

• Significant increase

• Decline in productivity

• No major change

• Moderate growth