• BoE's governor Bailey: 2021 GDP will recover strongly to pre-Covid levels

Notícias do Mercado

6 maio 2021

BoE's governor Bailey: 2021 GDP will recover strongly to pre-Covid levels

  • Risks to forecast are to the downside in the first year
  • There is uncertainty about the scale of slack in the UK economy
  • Too early to judge short and long term effects of Brexit
  • MPC believes that trade will be lower in H1 2020 due to Brexit
  • Risks to inflation projection are broadly balanced
  • Inflation expectations remain well-anchored
  • CPI to rise above 2% at end of the year due to transitory developments
  • MPC will focus on medium-term inflation risks, not transitory risks

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European session review: GBP weakens after the announcement of BoE’s policy update
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