BoE says it supports UK govt growth measures - Breaking The News

BoE says it supports UK govt growth measures

6 February

1 min read

EPA-EFE/MOHAMMED BADRA

Bank of England's (BoE) Deputy Governor for Monetary Policy Clare Lombardelli stated on Thursday that the bank is standing behind the United Kingdom's structural reforms revealed by Chancellor of the Exchequer Rachel Reeves last week.

Lombardelli elaborated that the central bank remains "supportive of measures that raise growth in the long term," and raise supply in the economy.

At the same time, BoE's Governor Andrew Bailey warned that structural policies "take time to come through," but that he remains a "very, very strong supporter" of such agenda.

boe bailey lombardelli

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