BOE’s Broadbent sees 'powerful demand effects' as a result of the virus impact

Key quotes

Coronavirus crisis is quite unlike a normal cyclical downturn

Hard to think distinctly about the hit to demand, supply

Sees 'powerful demand effects' as a result of the virus impact

BOE stimulus designed so that hit to demand does not outstrip that to supply

Size of virus hit is 'very, very material'

more to come ...