New Bank of England chief readies for more action against coronavirus


London (AFP) – The Bank of England’s new governor, Andrew Bailey, said on his first day in the job on Monday that he was ready to take more action to tackle the economic fallout from coronavirus.The BoE last week slashed its key interest rate and the government announced a package of measures to help businesses and households deal with the outbreak.Bailey said the central bank was “very keen” to ensure that any temporary disruption does not cause long-term damage to the economy.”That’s something that we want to want to minimise and stop,” he said in a pooled television interview marking his fi…

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