FOREX TradingCharts.com

Financial News: Bailey Says Bank Of England Ready To Do

Bailey Says Bank Of England Ready To Do More To Reduce Covid-19 Economic Shock

03/18/2020 - 13:15:00 (RTTNews)

(RTTNews) - Bank of England Governor Andrew Bailey said on Wednesday that the central bank is ready to what it takes to support the economy amid the severe shock caused by the spread of the coronavirus, or Covid-19 and urged short-sellers to just "stop".

Bailey, who succeeded Mark Carney as the BoE chief at the start of this week, told reporters that the impact on both big and small and medium-sized companies has been much severe over the past week. The central bank and the government has announced measures including loan guarantees, and cash injections for SMEs, to help them survive this crisis that has seen entire countries lock down. Bailey made these remarks during a conference call from the almost deserted Bank of England headquarters.

Separately, in an interview to the BBC News, Bailey said, "Anybody who says, 'I can make a load of money by shorting' [aggressively betting on the value of specific companies continuing to fall] which might not be frankly in the interest of the economy, the interest of the people, just stop doing what you're doing."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Drops Much More Than Initially Estimated In March (03 hr(s), 15 min(s), 21 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. deteriorated by much more than initially estimated in t ...Full Story»

U.S. Personal Income Climbs More Than Expected In February (03 hr(s), 35 min(s), 21 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Friday showing personal income in the U.S ...Full Story»

U.S. Personal Income Climbs 0.6% In February (05 hr(s), 18 min(s), 21 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Friday showing personal income in the U.S ...Full Story»

Ireland Retail Sales Fall For Second Month (06 hr(s), 30 min(s), 21 sec(s) ago)
(RTTNews) - Ireland's retail sales declined for the second straight month in February, data fr ...Full Story»

Latvia Retail Sales Growth At 10-Month High (06 hr(s), 36 min(s), 21 sec(s) ago)
(RTTNews) - Latvia's retail sales grew to the highest in ten months in February, figures from ...Full Story»

Austria's Manufacturing Activity Contracts In March (07 hr(s), 04 min(s), 21 sec(s) ago)
(RTTNews) - Austria's manufacturing sector shrank in March as the fallout from the coronavirus ...Full Story»

Iceland Inflation Slows In March (08 hr(s), 07 min(s), 21 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation eased in March after rising in the previous mon ...Full Story»

French Consumer Sentiment Weakens Slightly (08 hr(s), 20 min(s), 21 sec(s) ago)
(RTTNews) - French consumer confidence weakened only slightly in March, survey results from the st ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Drops Much More Than Initially Estimated In March

03/27/2020 - 10:41 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. deteriorated by much more than initially estimated in t ...Full Story>>

U.S. Personal Income Climbs More Than Expected In February

03/27/2020 - 10:21 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Friday showing personal income in the U.S ...Full Story>>

U.S. Personal Income Climbs 0.6% In February

03/27/2020 - 08:38 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Friday showing personal income in the U.S ...Full Story>>

Ireland Retail Sales Fall For Second Month

03/27/2020 - 07:26 AM (RTTNews)
(RTTNews) - Ireland's retail sales declined for the second straight month in February, data fr ...Full Story>>

Latvia Retail Sales Growth At 10-Month High

03/27/2020 - 07:20 AM (RTTNews)
(RTTNews) - Latvia's retail sales grew to the highest in ten months in February, figures from ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.