BoE's Haldane hopes vaccine news will be game-changer for economy

Bank of England Chief Economist Andy Haldane said he was hopeful that an announcement of a breakthrough in the search for a COVID-19 vaccine would deliver a vital boost of confidence to the economy.

"I'm not close enough to know how credible today's Pfizer announcement is, but let's hope it is. That would shift expectations I think very decisively among both people and among companies," Haldane said in a speech to the Reform think tank.

Pfizer Inc said on Monday its experimental COVID-19 vaccine was more than 90% effective.