Monetary policy in the face of the covid-19 crisis: the interesting case of the United Kingdom

In front of the first signals of the economic crisis caused by the Covid-19 pandemic the Bank of England has immediately intervened trying to limit the negative impact of the measures adopted by the Government to reduce the spread of the virus Accordingly, the British monetary authority has implemented several expansive non-conventional monetary policy measures, with the goal to support economic activities while enabling the banking and financial system to continue properly functioning, facilitating lending to businesses and households and allowing the Government to keep on issuing debt. The Bank of England’s initiatives have been both very relevant and innovative with regard to some of the measures adopted. Its experience thus is particularly interesting from an international perspective.