Bank of England Governor Bailey denies outlook is optimistic, warns that parts of the economy are ‘not viable’

Bank of England Governor Bailey denies outlook is optimistic, warns that parts of the economy are ‘not viable’

A woman wearing a protective face mask crosses the road in front of the Bank of England in what would normally be the morning rush hour in the City of London on March 17th, 2020. The financial district of the UK is unusually quiet after the government requested people to refrain from all but essential travel and activities yesterday.Jonathan PerugiaBank of England Governor Andrew Bailey has denied suggestions that the central bank's economic outlook is too optimistic in the wake of its latest monetary policy report.The Monetary Policy Committee (MPC) on Thursday held interest rates steady and maintained its asset purchase program at existing levels, while noting a sharper-than-expected but uneven economic recovery so far. The Bank revised up its short-term growth projections, but warned that a full recovery will