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

Market news

13 October 2020

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

We need to consider negative interest rates
Prepared to wait to tighten rates
Level of economic scarring now is hard to estimate
As Covid returns, scarring could increase
Some activities may turn out to be once without demand
Long-term scarring, detachment of people from work is one of the most damaging things we can have in economy

U.S. Senate Majority Leader McConnell says Senate will vote next week on targeted relief for workers, including expansion of paycheck protection program funding

BoE's governor Bailey: UK recovery will take time

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