Economics
Bailey Hints at More BOE Easing to Help Shoulder Virus Costs
- U.K. central bank governor speaks in ITV television interview
- Investors are betting on another policy move in June
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Bank of England Governor Andrew Bailey offered another hint that more bond purchases are on the way after figures showed a deep contraction at the end of first quarter.
He said it’s “pretty clear” investors expect more quantitative easing from the bank and that policy makers have kept the option open to do more than the 200 billion pounds ($240 billion) they announced in March. Investors have already stepped up bets on more loosening, and demand for government bonds has driven borrowing costs lower.