Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

The transcript discusses the economic impact of COVID-19, highlighting the unprecedented downturn compared to historical data. It addresses the challenges in forecasting due to the unpredictable nature of the pandemic and outlines the Bank of England's assumptions for future economic conditions. The discussion includes the potential effects of a second wave and the measures taken to mitigate its impact.

What does the fourth quarter number need to be seen in context with?

How does the current economic situation compare to pre-COVID levels?

What historical context is provided regarding the economic impact of the current situation?

What uncertainties are mentioned regarding the forecast of the economy?

What measures are being taken to address the economic impact of COVID-19?