Coronavirus: Bank of England considers printing money for households

Andrew Bailey began his term as Bank of England governor on Monday.
(Tolga Akmen/Pool via AP)

Bank of England governor Andrew Bailey on Wednesday, 18 March, suggested that the central bank was considering printing money and giving it directly to UK households, noting that “everything is on the table.”

Bailey, who began his term as governor on Monday, said that the Bank of England would “do what it takes to meet the needs of the economy and the needs of the people of this country.”

Responding to a question in a Sky News interview about the measures that the bank was considering — such as cutting interest rates to zero, and even printing money to give directly to households — Bailey said: “Everything is on the table that is reasonable, within the policy toolset.”



By Edmund Heaphy.
Full story at Yahoo News.