Bank of England ready to ramp up stimulus if needed – Bailey

LONDON (Reuters) – The Bank of England is ready to pump more stimulus into Britain’s economy if the outlook for inflation weakens, Governor Andrew Bailey said on Thursday after the central bank ramped up its bond-buying programme by 150 billion pounds ($195 billion).

“The committee stands ready to take whatever additional action is necessary to achieve its remit,” Bailey told reporters.

He also said the BoE could review its calculations for how much stimulus headroom it has.Reuters news. Read more

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