Bank of England Raises Key Rate a Half Point to 3.5%

The transcript discusses the Federal Reserve's decision on interest rates and the divided opinions within the committee. It highlights the Bank of England's fiscal measures following Jeremy Hunt's autumn statement, noting a projected GDP cut. The discussion also covers the UK's economic data, including rising unemployment and wage growth, and the differing views within the committee on interest rate adjustments amid recession concerns.

What was the nature of the split among committee members regarding interest rate decisions?

• No split at all

• A four-way split

• A three-way split

• A two-way split

How did the Bank of England's decision relate to Jeremy Hunt's autumn statement?

• It had no impact on GDP

• It doubled GDP

• It increased GDP by half a percent

• It cut GDP by half a percent

What was the focus of the previous chancellor, Quasi Quasi?

• Interest rate reduction

• Fiscal tightening

• Inflation control

• Growth

What economic indicators were highlighted as being mixed in the UK?

• GDP and inflation

• Jobs and inflation

• Unemployment and wage growth

• Interest rates and fiscal policy

What is the stance of the 'hawks' on the committee regarding interest rates?

• They want to maintain current rates

• They want to lower rates

• They are undecided

• They advocate for a big hike to control inflation