Bank of England chief economist Andy Haldane has said that Covid recovery may be more complicated than financial crisis.
It also says that expects coronavirus leave to continue to “control unemployment”.
In additional comments, Haldane has said that the central bank is prepared to allow inflation to temporarily exceed its 2% target, but that any overshoot could not take hold.
You fear that bond yields will rise, raising the cost of repayments on the UK’s mountain of debt of £ 2 trillion and jeopardizing any recovery.
He has also said that he was much more confident in the economy in the second half of 2021 than in the first quarter of the year.
GBP / USD remains above the 1.3600 level, moving away from the 1.3628 highs.
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