FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS/File Photo
“We’re operating at an unprecedented level of economic uncertainty. Of course, that is heightened now by the return of COVID.... The risks remain very heavily skewed towards the downside,” he added. Many economists expect the BoE to announce further bond purchases on Nov. 5 following its next policy meeting, on top of the 310 billion pounds of asset purchases already underway since the start of the pandemic.
Well ‘duh’, now let’s add the stupidity of brexit into his calculations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kansas City Southern CEO sees 'modestly strong' economic recovery continuing this year'Across our industrial and consumer economy, we think it's going to continue to be modestly strong from this point through the end of the year,' Kansas City Southern CEO Patrick Ottensmeyer told CNBC.
Source: CNBC - 🏆 12. / 72 Read more »
HuffPost is now a part of Verizon MediaHumor is absolutely a form of intelligence, and I absolutely encourage parents to use sarcasm and teasing to help kids build resilience, abstraction, and just a basic sense of humor. Thanks for including me 👊🏾
Source: HuffPostParents - 🏆 414. / 53 Read more »
HuffPost is now a part of Verizon Media
Source: HuffPostWomen - 🏆 27. / 68 Read more »
New Yorkers don’t have hope that their city will recover from COVID-19 anytime soon32% of New Yorkers say that recovery in the city will take a year, a new survey found. Among one-fifth of respondents who said they plan to leave NYC, 39% said they will return when the city is more fully on the road to recovery. wow Nyc collapsing That will take about 10 years. Not because of the virus. But because of the destruction created by the peaceful protestors. The governor and the mayor are the worst ever for NY
Source: MarketWatch - 🏆 3. / 97 Read more »
Dubai hopes rich pensioners will fill empty homesDubai relies on building and tourism for economic growth. What happens when there are no tourists? No income? 😂 I'm going to enjoy touring the Mad Max theme park they make of that place in the near future. looks like all the pensioners will be killed off by governments mishandling of covid, so bang goes that idea
Source: TheEconomist - 🏆 6. / 92 Read more »
Fresh elections, and perhaps a fresh start, for BoliviaEven if Bolivia avoids a political crisis, an economic one awaits Nice photo yeah sure fresh elections and fresh start. we'll see
Source: TheEconomist - 🏆 6. / 92 Read more »