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- BoE's governor Bailey: We have to be very active about our monetary policy tools
BoE's governor Bailey: We have to be very active about our monetary policy tools
- We need to consider negative interest rates
- Prepared to wait to tighten rates
- Level of economic scarring now is hard to estimate
- As Covid returns, scarring could increase
- Some activities may turn out to be once without demand
- Long-term scarring, detachment of people from work is one of the most damaging things we can have in economy
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