BOE's Bailey: We do expect a negative quarter in Q1

Author: Justin Low | Category: Central Banks

Remarks by BOE governor, Andrew Bailey

  • Impact of the virus crisis has been very unevenly felt across the economy
  • Expects a negative quarter in Q1
  • But not in any sense like the one seen in spring last year
  • Full remarks
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Some token commentary from Bailey there. He didn't really touch on anything policy-related but he does acknowledge that some business activity is showing evidence of pent-up demand and a pick-up despite the current economic situation.

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