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 by which the economy was below the previous year's activity at the end of September?

What are the expected economic conditions by the end of the year according to the speaker?

What measures are being taken to provide liquidity into the economy?

What is the speaker's perspective on the relationship between inflation and the economy's current state?

How does the speaker describe the impact of the second wave of COVID-19 on business and consumer confidence?