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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.