Bank of England Governor Mark Carney predicted that coronavirus would cause a &q...
FILE PHOTO: Mark Carney, Governor of the Bank of England, poses for a portrait during an interview with Reuters, in London, Britain February 13, 2020. Picture taken February 13, 2020. REUTERS/Dylan Martinez
LONDON - Bank of England Governor Mark Carney predicted that coronavirus would cause a “large but temporary” shock to the economy and said the central bank would ensure all necessary contingency plans were in place. “The Bank of England’s role is to help UK businesses and households manage through an economic shock that could prove large but will ultimately be temporary,” he said in a statement.
Carney said he had had a series of discussions with the new finance minister Rishi Sunak and he was in regular contact with the finance ministry, Britain’s FCA financial regulator and the BoE’s international peers.Our Standards:
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