Britain's GDP forecast to fall 14% year-on-year New Corona May 7 17:38
The Bank of England, the central bank of the United Kingdom, announced that the GDP (Gross Domestic Product) of the United Kingdom will be reduced by 14% from the previous year due to the influence of the new coronavirus, and further monetary easing will be carried out if necessary. He showed a willingness to move forward.
As a result of the regular meeting held on the 7th, the Bank of England left the policy rate unchanged at a record low of 0.1% and implemented quantitative easing measures of £ 645bn to purchase a large amount of government bonds and other funds to the market. , Decided to maintain the scale of about 85 trillion yen in Japanese yen.
The Bank of England decided to assess the effects of the current monetary policy, since it implemented urgent rate cuts twice in March this year and the financial market has been calming since then.
On the other hand, the GDP of the Ukrainian saying is expected to decrease due to the stagnation of economic activity accompanying the spread of the new coronavirus, a sharp decrease in consumption and corporate investment, and a sharp rise in the unemployment rate. 14% down.
He then stressed the willingness to take further monetary easing measures as necessary.