Governor Andrew Bailey was interviewed last.....>

BOE: Governor Andrew Bailey was interviewed last night by Robert Peston. He said

that he wasn't surprised by yesterday's economic data. He also said that the

furlough scheme would help a sharper bounceback than in previous recession as

people had jobs to go back to.

- On more QE he said that the BOE had been speaking to the market and "market's

basic assumption was that there probably would be more QE". Said there was a

debate about signalling now or waiting for more information - majority wanted to

"keep the option open".

- Said that the risk of a second spike could damage confidence "in ways that

have would then have a much longer lasting effect and therefore a much longer

lasting effect on the economy....the govt is right in my view to be duly

cautious" (1/2)