Next BOE Governor Signals Coordinated U.K. Response to Virus

The transcript discusses the coordination between the Bank of England and the Treasury to mitigate the economic impact of the coronavirus. It speculates on potential rate cuts by central banks, including the BoE and the Fed, to prevent a recession. Market expectations suggest a pre-meeting rate cut, with discussions on the impact of fiscal interventions. The transcript highlights the challenges of economic recovery amid the virus, with insights from RBC Capital Markets and Andrew Bailey.

What measures are being discussed to help the economy withstand the fallout from the coronavirus?

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How might the Bank of England respond to the economic challenges posed by the coronavirus?

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Discuss the potential effects of coordinated fiscal action on gilt yields.

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What is the expected impact of fiscal interventions on the economy during the pandemic?

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What are the anticipated long-term effects on borrowing costs due to the economic situation?

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