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

- Bonds & Currency News | Market News" >
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
- 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
- Bonds & Currency News | Market News" >
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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