{"id":158924,"date":"2020-09-02T16:03:44","date_gmt":"2020-09-02T14:03:44","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2020\/09\/02\/bank-of-england-warns-of-economic-scarring-from-covid-19-business-live\/"},"modified":"2020-09-02T16:03:44","modified_gmt":"2020-09-02T14:03:44","slug":"bank-of-england-warns-of-economic-scarring-from-covid-19-business-live","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=158924","title":{"rendered":"Bank of England warns of economic scarring from Covid-19 \u2013 business live"},"content":{"rendered":"<p>Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about the economic cost of Covid-19Latest: Bank of England policymakers face MPsFewer jobs created in US than expectedIntroduction: UK house prices at fresh peak\u201cUnexpectedly rapid recovery in housing market\u201dPrices up 3.7% year-on-year in August 3.03pm BST Labour MP Angela Eagle challenges the Bank about its prediction that unemployment will hit 7.5% by the end of the year. Should it do more to prevent this?Governor Andrew Bailey says no-one wants joblessness to rise, and the Bank is using its tools to fight it where possible. 2.55pm BST Q: What is the price of gold telling the Bank of England about the economy, and inflation?MPC member Gertjan Vlieghe swats this question away. It\u2019s a \u201cterrible idea\u201d to look at the nominal price of gold, because you\u2019d expect a perfectly stable asset to hit fresh record highs each month in nominal terms.The fact it\u2019s at all-time high tells you nothing. Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/live\/2020\/sep\/02\/uk-house-prices-jump-covid-19-unemployment-bank-of-england-stock-market-business-live\" target=\"_blank\">Bank of England warns of economic scarring from Covid-19 \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about the economic cost of Covid-19Latest: Bank of England policymakers face MPsFewer jobs created in US than expectedIntroduction: UK house prices at fresh peak\u201cUnexpectedly rapid recovery in housing market\u201dPrices up 3.7% year-on-year in August [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-158924","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/158924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=158924"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/158924\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=158924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=158924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=158924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}