BoE’s Hauser: Covid-19 forced “largest and fastest” actions ever
Executive director gives blow-by-blow account of how BoE tackled Covid-19 markets crisis
The Bank of England launched its “largest and fastest” emergency programmes ever during the markets crisis triggered by Covid-19, executive director Andrew Hauser said on June 4.
Hauser, who is responsible for markets at the BoE, gave a blow-by-blow account of how the BoE tracked the rapidly growing stresses and responded, at a time when almost its entire staff had to move to remote working and a handover of governors was underway.
The first week of March saw the BoE move to “split-site
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