Highlights: Bank of England press conference on latest projections

Longspur International Ventures

06/05/2021 13:10

LONDON, May 6 (Reuters) - The Bank of England said it would
slow the pace of its bond-buying as it sharply increased its
forecast for Britain's economic growth this year after its
coronavirus slump, but it stressed it was not tightening
monetary policy.
    Below are quotes from the Bank's press conference: 
    
    GOVERNOR ANDREW BAILEY, 
    "On balance, the MPC judges the risks to the central
projection for GDP to be skewed to the downside in the first
year of the forecast period, but broadly balanced further out. 
 
                                                                
               
                                                                
               
                                                                
               
                                                                
               
                                                                
               
                                                                
               
                                                                
               

 (Reporting by Kate Holton, Paul Sandle and Andy Bruce)
 ((kate.holton@thomsonreuters.com; 0044 207 542 8560; Reuters
Messaging: kate.holton.thomsonreuters.com@reuters.net))