Bailey Says BOE Is Considering Other Tools Amid Pandemic

The transcript discusses the role of quantitative easing (QE) in achieving inflation targets and its economic effects, including liquidity and interest rates. It explores various monetary tools like yield curve control and negative rates, and addresses economic risks from COVID-19 and Brexit. The interplay between monetary and fiscal policy is examined, highlighting the impact on government borrowing. The discussion concludes with the importance of financial services equivalence for the City of London.

What lessons have been learned from earlier bouts of COVID regarding economic policy?

How does quantitative easing (QE) impact the cost of financing and liquidity in the economy?

What are the potential risks associated with the economic forecasts mentioned in the text?

What assumptions are being made about the British economy's preparedness for Brexit?

What is the significance of the adjustment process mentioned in relation to Brexit?

What is the current assessment of the banking system's stability in light of the economic challenges?

How does the interplay between monetary policy and fiscal policy affect the economy during a crisis?