Carney Says BOE Will Take All Necessary Further Steps to Support U.K.

The transcript discusses the Bank of England's efforts to support UK businesses and households during challenging times. It highlights the coordination with government and international bodies to ensure maximum impact. The transformation of the UK financial system over the past decade is emphasized, showcasing its resilience and purpose. The Bank's mission to maintain monetary and financial stability is reiterated, ensuring the financial system's strength is directed where needed.

What is the main goal of the bank's coordination with the Chancellor's budget announcements?

• To increase interest rates

• To reduce taxes for businesses

• To maximize the impact of their initiatives

• To ensure the bank's independence

What is the bank's approach to supporting the UK economy during challenging times?

• By taking all necessary steps consistent with its responsibilities

• By reducing interest rates

• By increasing taxes

• By cutting public services

How has the role of the UK financial system changed since the financial crisis over a decade ago?

• It is now part of the solution

• It remains unchanged

• It has been dismantled

• It has become more problematic

What is the purpose of the financial system's strength according to the Bank of England?

• To increase profits for banks

• To fulfill the Bank of England's mission

• To reduce government spending

• To promote international trade

What does the bank aim to achieve by maintaining monetary and financial stability?

• To promote the good of the UK people

• To increase inflation

• To decrease employment

• To reduce exports