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- BoE's governor Bailey: BoE will do what's needed to help the economy
BoE's governor Bailey: BoE will do what's needed to help the economy
- Huge amount of uncertainty about economic outlook, working on best estimate is a challenge
- We watch sterling very carefully, we take not of the recent fall
- Covid corporate financing facility is first step, aims to be operation next week, could be expanded
- Effect on big companies has become much starker since last week
- So far, the financial system is standing up well to coronavirus
- Keeping markets open is important, UK markets are not out of control
- Supporting wages can be done by direct measures, Sunak has said more measures to come
- Negative rates in UK would be likely to hurt bank lending and household confidence
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