ECONOMICS
MONETARY POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Supporting an unsustainable economic
|
|
|
Keeping inflation expectations low, i.e. 2% (+/-1%)
|
|
|
Re-balancing the economy towards (X) and (I)
|
|
|
Building a more secure banking and credit system
|
Detailed explanation-1: -The UK economy faces a series of challenging headwinds-high inflation, higher energy prices and a ‘terms of trade’ shock. These are squeezing household budgets and pushing up the cost of living.
Detailed explanation-2: -The Bank of England is the central bank of the United Kingdom. We’re different to a bank that you would come across in the high street. That means we don’t hold accounts or make loans to the public.
Detailed explanation-3: -Key results from 2022 H2 survey Cyber attack remains the most cited risk to the UK financial system, followed closely by inflation and geopolitical risks.
Detailed explanation-4: -Increasing Competition. A Cultural Shift. Regulatory Compliance. Changing Business Models. Rising Expectations. Customer Retention. Outdated Mobile Experiences. Security Breaches. More items