Bank of England say economic recovery following coronavirus is under way but admit risks remain

The economy is bouncing back from Covid-19 as businesses reopen and shoppers get spending but big risks remain over the recovery, the Bank of England said on Thursday.

Andrew Bailey, the Governor, and his colleagues voted to hold interest rates at 0.1pc, the record low reached in March, and held fire on a further expansion of its £745bn money-printing programme.

The Governor added that a move towards controversial negative interest rates was “in the tool box”, but that there were no plans to use them for now.

Get the latest headlines: https://www.telegraph.co.uk/

Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK’s best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

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.

4 Recent Items: Bank of England

  • UK economy shrinks by record 9.9% in 2020 pandemic
  • No transparency | What does Queen Elizabeth have?
  • UK economy face tough months ahead says Bank of England – BBC News
  • COVID-19: UK economy expected to bounce back quicker
  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • AstraZeneca effective against Brazil variant
  • Arizona Senator Kyrsten Sinema Votes Against $15 Minimum Wage Effort
  • COVID-19: How different is pay for public and private sectors in the pandemic?
  • LIVE: Lindsay Graham Holds News Conference as Senate Debates Biden’s Covid Stimulus
  • Stop the Hate: The rise in violence against Asian Americans
  • Leave a Comment