Global Business Report: BOE Holds Rate Steady

The video discusses global central banks' interest rate decisions, including the Bank of England and Swiss National Bank maintaining low rates, and Norway's rate cut to prevent recession. Alan Greenspan highlights the limitations of central banks in addressing economic issues, emphasizing fiscal over monetary problems. The video also covers a proposal for US and California pollution funds and Saudi Arabia's involvement in addressing the oil glut, with oil prices rising 30% recently.

What was the main reason for the Bank of England keeping its interest rate at a record low?

• To boost exports

• Uncertainty from Britain's EU referendum

• To increase inflation

• To attract foreign investment

What action did the Swiss National Bank pledge to take if necessary?

• Increase interest rates

• Intervene in the currency markets

• Reduce inflation

• Boost employment

According to Alan Greenspan, what is the fundamental problem confronting central banks?

• Increasing interest rates

• Maintaining a sound currency

• Boosting exports

• Reducing unemployment

What is the primary cause of the economic stagnation according to Alan Greenspan?

• A fiscal problem

• A trade problem

• A technological problem

• A monetary problem

What is the purpose of the funds discussed in the environmental section?

• To promote clean transportation

• To increase oil production

• To fund renewable energy research

• To support coal industries