Comments by BOE governor, Mark Carney
- BOE measures will prevent temporary disruption from causing longer-term damage
- Incoming governor Bailey took part in all of today's BOE decisions
- Govt will announce series of measures in budget to help households, businesses
- Economic shock will hurt both supply and demand in the UK
- BOE coordinating with Treasury to ensure measures have maximum impact
- BOE will take all necessary further steps to help UK economy
I think the key takeaway here is that they acknowledged the fact that they are acting as a coordinated measure with the government. That certainly gives out an air of confidence and also that they involved Andrew Bailey in the decision-making process.
