BOE Maintains Benchmark Interest Rate at 0.75% in 9-0 Vote

The transcript discusses the impact of Brexit on the Bank of England's economic decisions, highlighting the uncertainty it brings. It covers economic indicators like inflation and fiscal policy, noting that while wages are rising, Brexit's outcome remains unclear. Retail sales data and inflation forecasts are examined, emphasizing sterling's crucial role in inflation predictions.

What is the main reason for the Bank of England's decision to hold off on changes?

• The uncertainty surrounding Brexit

• High inflation rates

• A stable currency market

• A strong economic growth

How is fiscal policy expected to influence the economy according to the second section?

• It will contract the economy

• It will destabilize the economy

• It will have no effect

• It will support the economy

What economic indicator is highlighted as being slightly lower than expected?

• Inflation

• Interest rates

• Unemployment rate

• GDP growth

What is a crucial component in the inflation forecast discussed in the third section?

• Trade balance

• Sterling

• Government spending

• Interest rates

How could Brexit potentially affect the inflation rate in the medium term?

• By increasing government spending

• By reducing trade barriers

• By causing a major leg up or down in sterling

• By stabilizing the currency