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VIEW: Bank of America note that "Covid is.......>

BOE
BOE: VIEW: Bank of America note that "Covid is proving to be a heavily
disinflationary shock. With unemployment likely to rise considerably and wage
growth weaken (and stay weak) we expect this disinflation to continue. We look
for persistent and large undershooting of the BoE's inflation target.
Accordingly we expect the BoE to loosen policy more, taking Bank Rate to zero in
November."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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