Bank of England Interest Rate Rise Quiz

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Who raised the interest rates to five percent to tackle inflation?

the bank of England

What does the highest rate in 15 years mean for homeowners?

more mortgage payments

Who has defended the decision to raise interest rates?

the bank's Governor

Who says they have full confidence in Andrew Bailey?

ministers Signup and view all the answers

What will be discussed in the next hour?

whether the government will intervene in the mortgage market Signup and view all the answers

Match the following individuals with their statements:

Prime Minister = Situation is under control Bank's Governor = Defended the decision to raise interest rates Ministers = Have full confidence in Andrew Bailey Andrew Bailey = Defended the decision to raise interest rates Signup and view all the answers

Match the following terms with their meanings:

Interest rate rise = Increased cost of mortgage payments for homeowners Monetary policy committee = Group responsible for setting interest rates Inflation = Rise in general price levels of goods and services Mortgage Market = Market for buying and selling mortgages Signup and view all the answers

Match the following statements with the correct implications of the interest rate rise:

Interest rate rise to tackle inflation = Higher mortgage payments for homeowners Inflation not brought down to target = Prolonged economic pain for the country Longer inflation = Extended economic difficulties Government intervention in the mortgage Market = Possible action due to pressure Signup and view all the answers

Match the following with their roles in the context of the news:

Economists and investors = Shocked by the interest rate rise Bank of England = Implemented the interest rate rise Sky News = Reporting and discussing the interest rate rise Government = Facing pressure to intervene in the mortgage Market Signup and view all the answers

Match the following with their impacts of the interest rate rise:

Bank's Governor = Emphasized the need to bring inflation back down to target Prime Minister = Expressed confidence in handling the situation Homeowners = Facing increased mortgage payments Ministers = Expressed full confidence in Andrew Bailey and the bank's monetary policy committee Signup and view all the answers

Match the following terms with their corresponding meanings:

Interest rate rise = Bank of England's decision to increase interest rates to tackle inflation Monetary policy committee = Group responsible for setting the interest rates and monetary policy Inflation = General increase in prices and fall in the purchasing value of money Mortgage Market intervention = Government's involvement in regulating or influencing the mortgage market Signup and view all the answers

Match the following statements with their speakers:

"I am totally 100 on it and it is going to be okay and we are going to get through this" = Prime Minister "If we don't get inflation back down to Target then it goes on for much longer and the pain goes on for longer and none of us want that" = Bank's Governor "Ministers say they have full confidence in Andrew Bailey" = Unspecified speaker "We'll be discussing whether the government will bow to pressure and intervene in the mortgage Market" = Unspecified speaker Signup and view all the answers

Match the following impacts with their corresponding effects:

Higher interest rates = Increased mortgage payments for homeowners Inflation going on for longer = Prolonged economic hardship Government intervention in the mortgage market = Regulation or influence on mortgage terms and conditions Bank of England's decision = Reaction and discussions in the financial market Signup and view all the answers

Match the following terms with their related concepts:

Bank of England's decision to raise interest rates = Tackling inflation and controlling the economy Full confidence in Andrew Bailey = Trust in the Bank's Governor and monetary policy committee Mortgage Market pressure and government intervention = Impact on homeowners and financial stability Inflation and its effects = Rising prices and decreased purchasing power Signup and view all the answers

Match the following impacts with their corresponding responses:

Increased mortgage payments for homeowners = Potential government intervention or relief measures Prolonged economic hardship = Pressure on the government to intervene in the mortgage market Regulation or influence on mortgage terms and conditions = Discussion and decision-making in the financial sector Reaction and discussions in the financial market = Assessment of the Bank of England's decision and its implications Signup and view all the answers