Andrew Bailey interview on first day as Governor of Bank of England

The video discusses the coordinated actions taken by global central banks, particularly the Federal Reserve, to address financial market dislocations through swap lines. It highlights the importance of these measures in providing stability and liquidity. The discussion also touches on the potential long-term economic impacts of COVID-19 and the efforts to mitigate these effects through prompt actions by central banks.

What concerns were raised regarding the economic effects of COVID-19?

What measures did the central banks take to minimize economic damage during the COVID-19 period?