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The Bank of England said on Thursday it expected Britain’s economy to take longer to get back to its pre-Covid pandemic size and it warned of possible risks from taking interest rates below zero.
The BoE, announcing unanimous votes by its policymakers to make no changes to its key interest rate which stands at just 0.1% nor its huge bond-buying programme, said the economy would not recover its end-2019 size until the end of next year.
Read more at Reuters.