Central Bank of England Economic recovery cannot be expected until the end of next year and policy to continue monetary easing August 6 19:15
The Bank of England, Bank of England, stressed its intention to continue large-scale monetary easing, saying that it is unlikely that the UK economy will recover above the level before the spread of the new coronavirus until the end of next year.
On the 6th, the Bank of England announced the results of the regular meeting held until the previous day, and left the policy rate unchanged at a record low of 0.1% and the scale of quantitative easing measures to purchase government bonds and supply a large amount of money to the market. He announced that he has decided to maintain £745bn, which is about 100 trillion yen in Japanese yen.
On the other hand, regarding the outlook for the UK economy, although it is recovering faster than expected in May this year, the growth rate of GDP (Gross Domestic Product) for the year has dropped to 9.5%, and the unemployment rate is By the end of the year, it announced that it will deteriorate to 7.5%, which is almost double the current level.
On top of that, he stressed that the UK economy could not recover to a level above the level before the spread of the new coronavirus until the end of next year, and will continue to carry out large-scale monetary easing and take further measures as necessary. ..
Although most economic activity has resumed in the UK, the outlook remains uncertain as concerns remain over the spread of the infection.