Interview with the Bank of England's Governor Andrew Bailey on the impact of the Covid-19 pandemic

The transcript discusses the end of lockdown measures and the assumptions made about public behavior and economic recovery. It highlights the cautious optimism regarding the return to normalcy, considering the potential scarring effects on the economy. The challenges in economic forecasting are addressed, with a focus on the Bank of England's stance. The long-term impact on the economy and the role of policies in facilitating recovery are also explored.

What is the assumed timeline for the end of lockdown measures?

• By the end of summer

• By October

• By the end of the year

• By next spring

What behavior is expected from the public after the lifting of policies?

• Immediate return to normal activities

• Complete disregard for safety measures

• Increased economic activity

• Continued cautious behavior

What is the anticipated timeline for economic activity to fully return to normal?

• By the end of this year

• By the middle of next year

• By the end of next year

• By the beginning of next year

Why has the forecast not been published according to the transcript?

• Political reasons

• Overconfidence in recovery

• Uncertainty in assumptions

• Lack of data

What role do policies play in the economic recovery according to the transcript?

• They support a quicker recovery

• They have no impact

• They slow down the recovery

• They only benefit large companies