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

The video discusses the economic implications of trade deals, emphasizing the short-term adjustment costs and potential long-term effects on the economy. It highlights the importance of securing a trade deal to prevent economic shrinkage. The role of the Bank of England in facilitating government borrowing through monetary policy is explained, noting its impact on borrowing costs and liquidity. The discussion also touches on the government's response to economic shocks and the importance of active economic policy in mitigating the effects of crises.

What new insight or understanding did you gain from this video?