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

The transcript features a discussion with Andrew Bailey, the Governor of the Bank of England, about the economic outlook and the temporary expansion of the bank's balance sheet. Bailey reflects on his unpredictable first months in office, the challenges faced, and the bank's effective performance despite unprecedented conditions. He also mentions a projection of the lowest GDP since 1706, highlighting the bank's adaptability and commitment to addressing emerging issues.

What is the main reason for the uncertainty in the duration of the bank's balance sheet expansion?

• The evolution of the economy

• Government regulations

• Public opinion

• The governor's personal decision

How does the governor describe the initial months of his term?

• Boring and uneventful

• Challenging and unpredictable

• Relaxing and calm

• Predictable and smooth

What unusual condition is mentioned about the Bank of England during the governor's early term?

• It was fully staffed

• It was almost deserted

• It was undergoing renovations

• It was hosting international events

How does the governor feel about the bank's performance under unprecedented conditions?

• Impressed

• Indifferent

• Disappointed

• Concerned

What significant economic projection is mentioned in the governor's discussion?

• Highest GDP since 1706

• Lowest GDP since 1706

• Stable GDP growth

• Unchanged GDP