Andrew Bailey, Bank of England governor. © 2014 Bloomberg FinanceKEY FACTSIn its latest monetary policy report, the U.K.’s central bank set out a range of scenarios for the economy, based on lockdown measures being gradually eased between June and September. That would make it the sharpest fall since 1706, according to Bank of England data. The BoE held off expanding its economic stimulus program but two of the nine-member monetary policy committee voted for additional bond buying. Further readingMonetary Policy Report press conference (Bank of England)Monetary Policy Report (Bank of England)Full coverage and live updates on the Coronavirus

Source: Forbes May 07, 2020 09:20 UTC