Economics
BOE’s Bailey Says Economy Will Adapt to New Lockdown
- Negative rates seen as a necessary policy option for bank
- Governor questions what EU wants on banking equivalence rules
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Bank of England Governor Andrew Bailey said that the U.K. economy is learning to adapt to lockdowns to contain the coronavirus.
Speaking in a webinar, the central bank chief said the economy seemed to weather the closure in November better than it did at the start of the pandemic in early 2020.