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This is a 15 minute revision webinar on monetary policy in the UK economy and it focuses on a discussion about whether the Bank should now be starting to raise the base rate. 2017 is an important year for the British economy. In the seventh year of recovery from recession, by now it would be common for the Bank of England to be raising monetary policy interest rates higher towards normal levels associated with a zero output gap and an unemployment rate of 5% of the labour force. But these are not normal times and there are good grounds for base interest rates remaining at historic lows. In the webinar recording we look at a number of up-to-date charts on key macroeconomic indicators such as inflation, unemployment, wage growth, house prices, the exchange rate and bank lending. CONNECT WITH TUTOR2U ECONOMICS Web: https://www.tutor2u.net/economics Twitter: tutor2u Economics: / tutor2uecon Twitter: Geoff Riley / tutor2ugeoff Facebook: / tutor2u Instagram: / tutor2uecon MORE HELP WITH A LEVEL & IB ECONOMICS Online webinars: https://www.tutor2u.net/economics/eve... Revision Workshops: https://www.tutor2u.net/economics/eve... Study Notes on every Topic: https://www.tutor2u.net/economics/ref... Key topics: https://www.tutor2u.net/economics/topics - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/sto... A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/sto...