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MNI BRIEF: BOE Sees Short-term Recovery Risks Remaining

(MNI) London

Although the economic outlook has improved since the publication of the Bank of England's December Financial Stability Report, risks to the recovery are still there, particularly in the near-term, the central bank's latest edition says Tuesday.

Pointing to examples, the Bank's report says despite the better outlook on the vaccine rollout, "economic activity could be curtailed following a further pickup in Covid case numbers, or a possible drop in vaccine effectiveness arising from mutations of the virus."

Just last week, former BOE Deputy Governor Charles Bean told MNI the UK labour market could be a barrier to a swift economic recovery.

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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