BOE’s Bailey: UK Economy Can be Viewed as Glass Half Full or Half Empty

“The UK economy can be viewed as a glass half full or half empty,” the Bank of England (BOE) Governor Andrew Bailey said while speaking at a webinar hosted by the British Chamber of Commerce on Tuesday.

Quotes

“UK recovery has been quite rapid and quite substantial.“
“Below the surface recovery is very uneven.”
“Housing market is strong, linked to stamp duty cut.”
“Return of COVID-19 reinforces downside risks in BOE forecast.”
“We will do everything we can to support the UK economy.”
“We do not intend to take any action to tighten policy until there is very clear evidence of significant progress to achieve 2% inflation target sustainably.”