Subscribe to our newsletter

Bank of England sees slower recovery from COVID hit

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.

Bank of England sees slower recovery from COVID hit
smsfadviser logo
  • Shared by Reuters
  • August 06, 2020
share this article

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

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles