What was the initial expectation of the MPC regarding the tension between consumer strength and financial market pessimism?
BOE Keeps Key Rate at 0.25%: Carney's Statement

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It would lead to a financial crisis.
It would increase throughout the year.
It would be reduced over the course of the year.
It would remain unchanged.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the global economic outlook changed since February according to the MPC?
It has worsened significantly.
It has improved with stronger business surveys and better financial conditions.
It has become unpredictable.
It has remained the same.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for the projected inflation overshoot according to the MPC?
Government fiscal policies.
Rising global oil prices.
Higher import prices due to sterling's depreciation.
Increased domestic demand.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the MPC expect regarding wage growth in the coming years?
Wages will rise significantly as the output gap narrows.
Wage growth will remain stagnant.
Wages will fluctuate unpredictably.
Wages will decrease significantly.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the MPC's stance on attempting to offset the effects of weaker sterling on inflation?
It would result in a stronger economy.
It is achievable without any consequences.
It would lead to higher unemployment and weaker real income growth.
It is unnecessary as inflation is not a concern.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the MPC's remit require in exceptional circumstances regarding inflation and slack?
To prioritize inflation control over employment.
To increase interest rates immediately.
To balance the trade-off between inflation and economic slack.
To ignore inflation and focus on growth.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under what condition might the MPC consider tightening monetary policy more than the market yield curve suggests?
If inflation falls below target.
If the economy follows a path consistent with its central projection.
If global demand decreases.
If unemployment rises sharply.
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