Andrew Bailey insists ‘act big and act fast’ response effective and declares Bank still has ‘firepower’
The Bank of England will stick with its emergency policy setting until it is sure the economy’s recovery from the Covid-19 slump is more than a summer bounce, Threadneedle Street’s governor has said.
Andrew Bailey told a symposium of fellow central bank governors that the Bank’s decision to “act big and act fast” during the early stages of the pandemic had proved an effective response to the market panic and economic lockdown.
Related: ‘Eat out to help out’ fuels UK economic recovery in August
Related: The UK economy in August: sales jump but tough choices lie ahead
Related: The UK economy in August: sales jump but tough choices lie ahead
Continue reading…Andrew Bailey insists ‘act big and act fast’ response effective and declares Bank still has ‘firepower’ Coronavirus – latest updatesSee all our coronavirus coverageThe Bank of England will stick with its emergency policy setting until it is sure the economy’s recovery from the Covid-19 slump is more than a summer bounce, Threadneedle Street’s governor has said.Andrew Bailey told a symposium of fellow central bank governors that the Bank’s decision to “act big and act fast” during the early stages of the pandemic had proved an effective response to the market panic and economic lockdown. Related: ‘Eat out to help out’ fuels UK economic recovery in August Related: The UK economy in August: sales jump but tough choices lie ahead Related: The UK economy in August: sales jump but tough choices lie ahead Continue reading…
