BoE's MPC member Haskel: Evidence is emerging that the dominant driver of fall in activity will be on demand side, not supply side

Market news

23 July 2020

BoE's MPC member Haskel: Evidence is emerging that the dominant driver of fall in activity will be on demand side, not supply side

I am concerned about the economy "getting stuck" and only recovering slowly
That may see an undershoot on inflation target
Path of recovery crucially depends on fear of the virus
Also depends on the fear - or realisation - of unemployment

UK's chief Brexit negotiator Frost: It's clear that we will not reach in July the early understanding of the principles underlying any agreement

EU's chief Brexit negotiator Barnier: We are still far away from deal with UK

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