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Formal meeting (oral evidence session): Governor of the Bank of England

Economic Affairs Committee
Governor of the Bank of England

Tuesday 13 October 2020

Start times: 3.00pm (private) 3.00pm (public)

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Bank of England Governor to answer questions on the economic impact of Covid-19, the recovery and Brexit

On Tuesday 13 October at 3:00pm, the Economic Affairs Committee holds an evidence session with Andrew Bailey, Governor of the Bank of England. The Committee will ask the Governor about the economic impact of Covid-19,  the recovery, the Bank’s monetary policy tools and Brexit.

Meeting details

At 3.00pm: Oral evidence
Work Governor of the Bank of England (Regular evidence sessions)
Governor at Bank of England

Likely questions

  • Does the Bank’s central economic forecast still consist of a V-shaped recovery?
  • Was the Bank sufficiently prepared for an outbreak of COVID-19 across the UK?
  • Is the Government doing enough to prevent long-term scarring in the labour market?
  • The Bank said long-term changes in the UK’s economy and labour market are unavoidable and that it would be wrong to stand in the way of this. How can you judge which jobs are viable at this stage? What tools do economists have to make these judgements?
  • What would be the necessary conditions for introducing negative interest rates in the UK?
  • Is quantitative easing likely to become a permanent feature of monetary policy?
  • Has the pandemic shown that Central Banks should be working in closer coordination with Government fiscal policy?
  • What is the Bank doing to plan for the possibility of there being no trade deal in place at the end of the transition period? What action from the Bank might be required?


Virtual meeting