BOE Will Take Necessary Further Steps to Help U.K., Carney Says

BOE Will Take Necessary Further Steps to Help U.K., Carney Says

(Bloomberg) --

Bank of England Governor Mark Carney said the central bank is ready to take more action if necessary to defend the economy against the coronavirus outbreak after the central bank cut interest rates.

Carney said quantative easing remains part of the BOE toolkit. He was speaking at a press conference following the central bank’s 50-basis-point emergency rate cut on Wednesday.

©2020 Bloomberg L.P.

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