Mortgage warning: Costs to rise in light of Bank of England decision - QE option reviewed

“While today’s move may reassure some, the Bank will need to get creative if it is to provide genuine help to the real economy as the Covid crisis continues.”

The Bank of England addressed the challenges with coronavirus in their Monetary Policy Report released today.

Somewhat surprisingly, there were elements of optimism within their analysis, as the following details laid out: “The outlook remains unusually uncertain. It will depend on the evolution of the pandemic and measures taken to protect public health around the world, as well as the nature of, and transition to, the new trading arrangements between the European Union and the United Kingdom.

“It will also depend on the responses of households, businesses and financial markets to these developments.”