Blanchflower Sees Another Move Down Coming From BOE

The transcript discusses the current economic slowdown, labor market issues, and the impact of Brexit on interest rates. It highlights the decline in real wages and consumer demand, making it an unfavorable time to hike interest rates. Despite this, some predict a rate hike in August due to communication from the banking sector and rising business investments. The discussion also touches on the uncertainty surrounding Brexit and its potential effects on the economy.

What are some of the economic challenges mentioned in the first section?

• Increasing consumer demand

• Slowing economy and problematic labor market

• Rising real wages

• Rapid economic growth in the G7

Why is it considered a bad time to adjust interest rates according to the second section?

• Interest rates are already too low

• There is no uncertainty in the market

• Brexit negotiations are chaotic

• The economy is growing too fast

What is the main argument for a potential interest rate hike in the third section?

• Brexit has been resolved

• Consumer demand is falling

• Business investment is rising

• The economy is shrinking

How has the private sector wage growth been described in the third section?

• Declining

• Stagnant

• Solid growth excluding bonuses

• Negative growth

What is the expected annualized growth rate for the private sector wages mentioned in the third section?

• 5%

• 4%

• 3%

• 2%