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MNI BRIEF: BOE Bailey: Effects Of Lockdowns Diminishing

LONDON (MNI)

Evidence suggested that successive Covid-19 lockdowns are having progressively less impact on the economy, Bank of England Governor Andrew Bailey told at a Citizens Panel event Wednesday.

The BOE is currently working on its latest quarterly forecast round and Bailey cited the rapid rise in online shopping as an example of how consumers and businesses are finding ways to mitigate the impact of the lockdowns. The UK is in its second full national lockdown and Bailey said that he anticipated "a quite pronounced recovery in the economy" as the vaccines rolled out.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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