Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

The transcript discusses the unprecedented economic downturn due to COVID-19, with activity levels significantly below last year's. It highlights measures like injecting liquidity to stimulate the economy, manage inflation, and encourage spending and investment. The impact of lockdowns on business and consumer confidence is also addressed, emphasizing the challenges faced by the economy.

What was the estimated percentage decline in economic activity by the end of the third quarter?

• 15%

• 5%

• 9%

• 12%

What is the primary goal of injecting liquidity into the economy?

• To increase taxes

• To decrease inflation

• To stimulate economic activity

• To reduce government spending

How does buying less immediately usable assets affect the economy?

• It decreases the cost of borrowing

• It leads to higher taxes

• It increases the cost of borrowing

• It has no effect on borrowing costs

What is a major factor affecting business and consumer confidence during the second wave?

• Government policies

• COVID-19 itself

• International trade agreements

• Technological advancements

What has been the trend in economic confidence throughout the year?

• Fluctuating confidence

• Low confidence

• Moderate confidence

• High confidence