Bank of England Governor cautious over economic recovery following coronavirus recession

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The Bank of England has warned coronavirus could see the economy plunge 14% this year in the worst annual fall for more than 300 years

Governor Andrew Bailey discusses the ‘worst and best case scenarios’ as keeps rates and asset purchase target unchanged

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In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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