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BoE’s Bailey sees UK economy regaining pre-pandemic level in early 2022 By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO. Andrew Bailey, Governor of Bank of England, leaves Downing Street in London on September 16, 2021. REUTERS/Hannah McKay

LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that he expected Britain’s economy to recover its pre-pandemic level of output early next year, a little later than the central bank had predicted last month.

Bailey stated at a European Central Bank panel that “I expect we to be back at the pre-pandemic stage in the early part next year,” possibly one to two months earlier than we expected.

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