Market news
13.10.2020, 15:00

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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