BoE’s Haldane hopes coronavirus vaccine news will be quick game-changer for economy

boes haldane hopes coronavirus vaccine news will be quick game changer for economy

Sumary of BoE’s Haldane hopes coronavirus vaccine news will be quick game-changer for economy:

  • Bank of England Chief Economist Andy Haldane said he was hopeful that the announcement of a breakthrough in the search for a COVID-19 vaccination would deliver a quick boost of confidence to the economy, even before vaccines are widely available..
  • Haldane said the roll-out of a useable vaccine would probably take months but news of a breakthrough would eliminate fears of a string of stop-start cycles of lockdown for the economy which would hammer businesses..
  • “Whether it next quarter or next year matters much less than the fact that you now have a way of preventing the prolongation of this stop-start cycling,”…

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