Bank of England say economic recovery following virus is under way but admit risks remain Recovery description:
The economy is bouncing back from Covid-19 as businesses reopen and shoppers get spending but big risks remain over the recovery, the Bank of England said on Thursday.
Andrew Bailey, the Governor, and his colleagues voted to hold interest rates at 0.1pc, the record low reached in March, and held fire on a further expansion of its £745bn money-printing programme.
The Governor added that a move towards controversial negative interest rates was “in the tool box”, but that there were no plans to use them for now.
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