Home BOE’s Broadbent sees ‘powerful demand effects’ as a result of the virus impact

BOE’s Broadbent sees ‘powerful demand effects’ as a result of the virus impact

Published date: 20 Apr. 2020 | 10:52

The Bank of England (BOE) Monetary Policy Committee (MPC) member Ben Broadbent said on Monday, he sees ‘powerful demand effects’ as a result of the virus impact.

Additional quotes

Coronavirus crisis is quite unlike a normal cyclical downturn.

Hard to think distinctly about the hit to demand, supply.

BOE stimulus designed so that hit to demand does not outstrip that to supply.

Size of virus hit is ‘very, very material’.

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