ECB to Announce Targeted Lending

The video discusses Scotland's referendum on independence from the UK, highlighting the potential end of a centuries-old union. It then shifts to the Federal Reserve's decision to maintain low interest rates despite economic improvements, with Chair Janet Yellen indicating a long-term plan to normalize the balance sheet. Finally, the European Central Bank's new lending program, aimed at boosting its balance sheet, is covered, with expectations of significant economic impact.

What is the main decision being made in Scotland's referendum?

• Whether to change the national flag

• Whether to adopt the euro as currency

• Whether to become independent from the United Kingdom

• Whether to join the European Union

What is the Federal Reserve's current stance on interest rates?

• Raising rates immediately

• Keeping rates near zero for a considerable time

• Eliminating interest rates altogether

• Lowering rates further

Who is the current Chair of the Federal Reserve mentioned in the transcript?

• Janet Yellen

• Mario Draghi

• Ben Bernanke

• Christine Lagarde

What is the purpose of the European Central Bank's targeted lending program?

• To increase unemployment

• To reduce inflation

• To boost the ECB's balance sheet

• To decrease the euro's value

What is the range of the offer in the ECB's lending program?

• €100 billion to €300 million

• €50 million to €150 million

• €200 billion to €500 billion

• €1 trillion to €2 trillion