BoE's Bailey: Not ruling anything out on further measures

Eren Sengezer FXStreet

The Bank of England (BoE) is not ruling anything out on further policy measures, Governor Andrew Bailey told Bloomberg TV on Thursday.

"We are nowhere near using negative rates," Bailey added. "There is no big distinction between the BoE policy and an open-ended QE." Furthermore, Bailey noted that the exit path from the furlough program was uncertain.

Market reaction

The British pound doesn't seem to be reacting to these comments. As of writing, the GBP/USD pair was trading at 1.2375, adding 0.27% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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