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19th March 2021

COVID-19: Bank of England sees slightly stronger spring spending bounce-back

The Bank of England has predicted a slightly quicker bounce-back for consumer spending this spring than previously thought as lockdowns are eased.


Minutes of the Bank’s latest monetary policy meeting showed rate-setting officials also think that the short-term rise in unemployment will be “more moderate” than it expected just a month ago.

The Bank said plans for the easing of lockdowns suggested restrictions being lifted “somewhat more rapidly” than had been assumed in its February report on the UK economy.


A worker wearing a protective face mask walks past the Bank of England in the City of London, Britain, August 6, 2020.

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