Bank of England Governor Andrew Bailey says the government's soon-to-be-announced decision on lockdown restrictions 'will shape the path by which the economy is brought back into action.' coronavirus
"However the economic outlook evolves, the bank will act as necessary to deliver the monetary and financial stability that are essential for long-term prosperity and meet the needs of the people," said BoE Governor Andrew Bailey.slashed its main interest rate to 0.1%
Two members of the 9-strong Monetary Policy Committee, but not Bailey, voted at the latest meeting to increase the stimulus by a further £100 billion. "The decision not to expand bond-buying with more printed money gave the pound a small uplift" in trading on Thursday, noted Jasper Lawler, head of research at London Capital Group.
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