Speedy action by the Bank of England during Covid-19 is working | Andrew Bailey
by Andrew Bailey from on (#53ZTT)
As the UK enters the second phase of the pandemic, we stand ready to do more to support households and businesses
Covid-19 recovery will be tough, warns Bank of England governor
The spread of Covid-19 and the public health measures taken to contain it have led to a dramatic drop in economic activity around the world.
Many countries, including the UK, introduced social distancing. Schools and workplaces were closed, travel restricted and people instructed to stay at home.
The risks are undoubtedly on the downside for a longer and harder recovery
Related: Bank of England paves way for negative interest rates
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