VIEW: Morgan Stanley write "though not our......>

BOE: VIEW: Morgan Stanley write "though not our base case at the moment, should

the Covid-19 outbreak extend and worsen,and the MPC decide further action is

warranted, we think the MPC would cut to just above zero - as Governor Bailey

has endorsed Carney's long-standing opposition to negative rates - and restart

QE."

- On Budget: "Chancellor Sunak will deliver his Budget Statement from around

12:30 later today. Overnight media reports confirm our view that the Budget will

be a multi-year expansion with a large increase in borrowing (we think GBP150

billion over the next five years) and a Covid-19 package, which might include

tax deferrals, changes to statutory sick pay and benefits and extra NHS

funding."