“Uncertainty is expected to continue to reduce investment all other things being equal, weighing on capital and productivity growth“said the Governor of the Bank of England (BoE), Andrew Bailey, in a webinar organized by the Resolution Foundation on Monday.
Additional comments:
“Higher growth in potential supply, supported by higher investment and productivity growth, will facilitate post-COVID recovery“.
“Monetary policy has a role to play in ensuring sufficient growth in demand to match any increase in potential supply growth. “
“Last week’s budget outlined a series of measures to support economic growth through significant investment in infrastructure, skills and innovation“.
“The rate of new COVID infections is declining and the vaccine program is a great achievement, there is light at the end of the tunnel“.
“The expected recovery is backed by BoE and QE rates, which amply justifies our current stance on monetary policy. “
“We will continue to execute the announced program of asset purchases that we expect to be completed by the end of 2021“.
“It is encouraging that inflation expectations measures have been relatively stable in the UK.”
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