Bank: More stimulus needed

A TOP official at the Bank of England said it was ‘quite likely’ that the Covid-hit economy would need more stimulus to offset what may be years of social distancing and the growing risk of post-Brexit trade barriers. The

Bank has already cut interest rates to a record low of 0.1pc and ramped up its money-printing programme by £300bn. But Michael Saunders considered it ‘quite likely additional monetary easing will be appropriate’.