BoE's governor Bailey: UK recovery will take time

Market news

13 October 2020

BoE's governor Bailey: UK recovery will take time

UK economy at end Q3 about 9-10% below end of 2019
Talk of v-shaped recovery needs perspective
If cost of borrowing is below economic growth rate, there is room for the government to use that

BoE's governor Bailey: We have to be very active about our monetary policy tools

UK PM Johnson's spokesman: PM tells cabinet that he still believes there is a deal to be done with EU

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