"Bank of England Governor Andrew Bailey, under continued pressure over a scandal that cost thousands their life savings, will speak at a Bank for International Settlements Conference this week that will also be attended by ECB President Christine Lagarde and Fed Chairman Jerome Powell.

Each is likely to be questioned over the most recent meetings of their Monetary Policy Meetings. While Bailey and Powell will have to answer questions about how they will deal with inflation, Lagarde is likely to be asked more fundamental questions about how the Eurozone can expect to recover from the pandemic. Once she has managed to answer the how, she will be pinned down over the when.

Bailey will express concern over rising unemployment figures and cite the end of the Pandemic, as the time for discussion of support for the unemployed and jobseekers.

The figures are unlikely to make pleasant reading from either the Bank or Government although there remains a high level of confidence, among Bank Officials at least, that the economy will recover sooner rather than later although there may well be a few bumps in the road along the way.

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