Economics

BOE Talks Up Prospect of Easing as U.K. Faces Triple Threat

Deputy Governor Dave Ramsden says there’s plenty of capacity
Governor Andrew Bailey says risks to growth to the downside

A solitary pedestrian passes along a passageway in the City of London in London, on Aug. 12.Photographer: Simon Dawson/Bloomberg

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By Lucy Meakin, David Goodman, and Manas Pratap Singh

September 2, 2020 at 2:06 PM UTC

Updated on

September 3, 2020 at 8:42 AM UTC

This article is for subscribers only.

The Bank of England is touting the firepower it can use to deliver more stimulus as the U.K. enters what could be a chaotic final few months of 2020.

Testifying to lawmakers on Wednesday, Deputy Governor Dave Ramsden said the BOE has the capacity to increase the pace and size of its bond-buying program if needed. Governor Andrew Bailey just last week said the central bank has plenty of room to add monetary stimulus, even including negative interest rates.