Nov 12, 2020

Bank heads: Outlook uncertain despite vaccine optimism

Bank of England chief Andrew Bailey said he felt "Very uncomfortable" with the amount of coronavirus uncertainty. In a panel discussion with US Federal Reserve Chair Jerome Powell and Bank of England Governor Andrew Bailey, Ms Lagarde said: "From a huge river of uncertainty, we see the other side now." Mr Powell echoed her, saying the vaccine results were "Good and welcome news" but it was "Too soon to assess with any confidence the implications... for the near term". Mr Bailey said he felt "Very uncomfortable" at the huge amount of economic uncertainty created by Covid-19. Earlier on Thursday, Mr Bailey told a Financial Times event that he was encouraged by the latest Covid-19 vaccine developments, which reduced economic uncertainty.

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