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Baptism of fire as Bailey unleashes stimulus blitz; Coronavirus crisis The new Governor of the Bank of England says he is far from running out of ammunition to tackle the Covid-19 crisis

Mar 23, 2020 - The Daily Telegraph (London)

Bare supermarket shelves, collapsing financial markets and predictions of the biggest recession in a century welcomed Andrew Bailey into his first week as Bank of England Governor.

This was the week central bankers around the world had been dreading for years.

After digging the global economy out of the last recession, they have little left in their depleted war chests to fight the one currently brewing.

Mark Carney was still unveiling emergency action only three hours before h...