Bank of England Agent's Off the Record Online Briefing
The UK economic slump caused by Covid-19 will be less severe than expected, but the recovery will also take longer, the Bank of England has said. The faster easing of lockdown measures and a "more rapid" pick-up in consumer spending meant the economy bounced-back earlier than it assumed in May. Spending on clothing and household goods were back to pre-Covid levels.
However, the Bank warned of a "material" rise in unemployment this year as it held interest rates at 0.1%.
The Bank of England latest Monetary Policy Report and Financial Stability Report can be found at:
There is still time to sign up for the online briefing on these Reports, which will take place on Thursday 13th August from 2:00-3:00pm and will be an off-the-record event. Andrew Holder will outline the main points of the policy reports, and any policy changes, before taking questions.
Attendance will be allocated on a first come, first served basis. To attend, please register by clicking this link