BoE's incoming governor Bailey: We have to be very nimble on coronavirus

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4 March 2020

BoE's incoming governor Bailey: We have to be very nimble on coronavirus

No question that virus is first issue we will face
It's important that Carney laid out full tools that BoE has to tackle virus
All focus is on monetary policy but reasonable to expect we will have to provide supply chain finance in the near future
Will have to move fast to help small-and-medium sized firms

U.S.: Services PMI, February 49.4 (forecast 49.4)

U.S. Stocks open: Dow +2.78%, Nasdaq +2.01%, S&P +2.29%

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