The Bank of England (BoE) will continue with its bond purchases this yearReuters reports, citing comments from central bank governor Andrew Bailey.
Additional comments:
See a 12% drop in first quarter GDP from United Kingdom compared to 2019.
4% less than in 2020.
UK inflation will remain below the 2% level.
But initially it will explode in the short term due to the support measures.
On Monday, Bailey said that “expect a rebound in inflation to 2% in the coming months“, though “they will need to see evidence that the inflation trend is sustainable“.
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