Carney comments
- Collective response to virus will be powerful and timely
- Arsenal includes special liquidity and macroprudential tools along with monetary policy instruments
- BOE's job is to help firms and households manage shock
Carney is answering questions now, so there may be more to come.
- We still have a lot of ammunition
- We have to use space effectively 'if we need to use it, we will use it properly'
- Key is having resilience in the core of financial system 'that's gold in a crisis