Following the Bank of England (BoE) decision leaving the policy rate and the Asset Purchase Facility unchanged at 0.1% and £ 895bn, respectively, BoE Governor Andrew Bailey is providing his comments on the policy outlook.
Key statements
“The risks to the economic outlook have become more bilateral.”
“It is not easy to come up with a firm view of how much UK households will release the savings generated during the pandemic.”
“On the new trade relations with the EU, I have not seen anything that changes my opinion in November that it would affect the GDP in the first quarter.”
“My message to the markets is not to read future MPC decisions based on toolbox movements.”
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