BoE's governor Bailey: We will move to the future with multi-dimensional choices on what tools to use

Market news

4 February 2021

BoE's governor Bailey: We will move to the future with multi-dimensional choices on what tools to use

If outlook for inflation weakens, MPC will take whatever action necessary
Outlook remains unusually uncertain for economy
On negative rates, there are a range of views on MPC on how PRA should respond
Economic outlook risks have become more two-sided
It's not easy to reach a firm view on how much UK households will release savings built during the pandemic
Don't take any signal from negative rate preparations
Q4 GDP numbers have turned out stronger than expected
My message to markets is do not read future MPC decisions based on toolbox moves

U.S. weekly jobless claims total 779,000

European session review: GBP strengthens after the announcement of BoE’s monetary policy decisions

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