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

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.