Bank of England say economic recovery following coronavirus is under way but admit risks remain
Telegraph, 06 Aug 2020
The economy is bouncing back from Covid-19 as businesses reopen and shoppers get spending but big risks remain over the recovery, the Bank of England said on Thursday.
Andrew Bailey, the Governor, and his colleagues voted to hold interest rates at 0.1pc, the record low reached in March, and held fire on a further expansion of its £745bn money-printing programme.
The Governor added that a move towards controversial negative interest rates was "in the tool box", but that there were no plans to use them for now.
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Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
Andrew Bailey, the Governor, and his colleagues voted to hold interest rates at 0.1pc, the record low reached in March, and held fire on a further expansion of its £745bn money-printing programme.
The Governor added that a move towards controversial negative interest rates was "in the tool box", but that there were no plans to use them for now.
Get the latest headlines: https://www.telegraph.co.uk/
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
