Danny Blanchflower: BOE's Next Move Is a Rate Cut

Danny Blanchflower: BOE's Next Move Is a Rate Cut

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the economic risks associated with Brexit, highlighting the MPC's concerns about potential downside risks to the UK economy. It covers differing opinions on the economic impact of Brexit, including views from Mervyn King and other economists. The discussion also touches on the Bank of England's potential policy responses, such as rate cuts, in light of economic forecasts and the upcoming Brexit vote.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns were raised about the credibility of Mervyn King in relation to economic warnings?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What policy response does the text suggest the Bank of England should consider in light of economic data?

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