Bank of England to remain in emergency mode until recovery is secured, Governor says | Business

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The Bank of England will stick to its emergency policy until it is sure that the economic recovery from the Covid-19 crisis is more than a summer rebound, the governor of Threadneedle Street.Andrew Bailey told a symposium of fellow central bank governors that the Bank’s decision to “act big and act fast” during the early stages of the pandemic has proven to be an effective response to the panic market and economic foreclosure.

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