Bank of England boss 'more optimistic' of avoiding recession

ODN 2023-03-23

Views 747

The governor of the Bank of England has said although the UK's economy is "not off to the races", he is now "more optimistic" that Britain could avoid going into recession.

Andrew Bailey sought to reassure the public that they would not see a repeat of the 2008 financial crisis, saying: "I'm confident that the banks in this country are in a much stronger position." Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Show more

Download

Report form

RELATED VIDEOS

Bailey optimistic Bank of England can cut rates further

play

Bailey optimistic Bank of England can cut rates further

Bank of England raises interest rates to 3.5% as Governor Andrew Bailey admits inflation is lower than expected

play

Bank of England raises interest rates to 3.5% as Governor Andrew Bailey admits inflation is lower than expected

Bank Of England holds interest rates - Andrew Bailey explains

play

Bank Of England holds interest rates - Andrew Bailey explains

Bank of England Governor Andrew Bailey says UK is 'near the top of the cycle' on interest rates

play

Bank of England Governor Andrew Bailey says UK is 'near the top of the cycle' on interest rates

Bank of England ties interest rates to unemployment rates

play

Bank of England ties interest rates to unemployment rates

Banks cut deposit rates as CPI declines

play

Banks cut deposit rates as CPI declines

IMD warns central banks hiking rates rapidly could trigger a prolonged recession

play

IMD warns central banks hiking rates rapidly could trigger a prolonged recession

Bank of England's Andrew Bailey says cutting interest rates would be 'very, very premature'

play

Bank of England's Andrew Bailey says cutting interest rates would be 'very, very premature'

Andrew Bailey says that returning inflation to the 2% target remains the Bank of England's 'absolute priority' as interest rates rise to 1.75%

play

Andrew Bailey says that returning inflation to the 2% target remains the Bank of England's 'absolute priority' as interest rates rise to 1.75%

Bank of England warns UK may already be in recession

play

Bank of England warns UK may already be in recession

Bank of England warns UK will plunge into longest recession in 100 years

play

Bank of England warns UK will plunge into longest recession in 100 years

Bank of England warns UK to fall into recession this 2022

play

Bank of England warns UK to fall into recession this 2022