BOE's Carney Signals Rate Cuts as Brexit Response

The video discusses Mark Carney's unprecedented proactive measures during a press conference, highlighting the Bank of England's commitment to providing liquidity and potential future actions like rate cuts. It also addresses market volatility, the rapid decline of the pound, and the ECB's challenges with a shrinking pool of eligible debt for purchase.

What unprecedented action did Mark Carney take in response to recent crises?

• He resigned from his position.

• He addressed the public live on TV twice in a week.

• He increased interest rates significantly.

• He closed several banks temporarily.

What is one of the main concerns for Mark Carney regarding the pound?

• The pound is too strong.

• The pound is causing inflation.

• The rapid decline in its value.

• The pound is not being used enough in international trade.

What economic issue is highlighted by the fluctuations in the stock market?

• Lack of investment

• Consistent decline

• High volatility

• Stable growth

What challenge is the ECB facing with its debt purchase program?

• Lack of interest from investors

• A shrinking pool of eligible debt

• High interest rates on bonds

• Too many bonds to choose from

What might the ECB need to do to address the scarcity of eligible debt?

• Increase interest rates

• Stop purchasing bonds

• Loosen the boundaries of their rules

• Focus on other financial instruments