Michael Saunders, a member of the Monetary Policy Committee at the Bank of England, has said that a lack of investment through credit availability and cashflow would cause firms to prioritise cost-cutting and frugality rather than “longer term gains” from spending. But he added that inflation levels for consumers would drop to around zero this […]
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Friday, May 29, 2020
Bank of England official warns against a slow economic recovery post-pandemic
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