Market news
12.11.2020, 08:43

Bank of England (BOE) Governor Bailey: Vaccine news is broadly consistent with BOE forecast assumptions

  • Vaccine news starts to reduce the weight of uncertainty

  • Today's GDP data was in line with where we thought it would be

  • We've had a strong recovery, but there is still a huge gap

  • The recovery has been very uneven

  • Don't have a date in mind for negative rates review outcome

  • We have talked about yield curve control, but it's something I don't see a great need for at the moment

  • Great deal of work to be done with banks in deciding if negative rates are doable

  • We will have more information on Brexit in December meeting

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