Carney Says BOE May Tighten Earlier and to a Greater Extent

Carney Says BOE May Tighten Earlier and to a Greater Extent

Assessment

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Business, Social Studies

University

Hard

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The MPC aims to balance inflation control with economic support. Since the referendum, employment has risen despite economic challenges. The MPC has adjusted policies, including raising the Bank rate, to manage inflation. Future economic conditions may require further policy tightening. The MPC remains committed to monitoring developments and ensuring inflation returns to the 2% target, maintaining monetary stability for the UK.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the MPC's policy as discussed in the first section?

To increase exports

To increase government spending

To balance inflation control with job support

To reduce taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did the MPC take in November to address inflation concerns?

Increased the Bank rate by a quarter of a percentage point

Lowered the Bank rate

Introduced new taxes

Reduced government spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the MPC anticipate the need for earlier and greater monetary policy tightening?

To reduce government debt

To increase exports

Because of a greater degree of excess demand and persistent inflation

Due to a decrease in employment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected pace of future increases in the Bank rate according to the MPC?

Rapid and extensive

Gradual and limited

Nonexistent

Immediate and large-scale

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the MPC plan to ensure monetary stability in the UK?

By increasing taxes

By maintaining a principled and transparent approach to policy

By focusing solely on inflation control

By reducing government spending