BOE governor Mark Carney comments in parliament
- BOE will take all necessary steps to support UK economy, financial system
- BOE's role is to help UK businesses, households manage through an economic shock
- It could prove to be a large one but will ultimately be temporary
- Disappointed that global economy remains in a low growth, low inflation equilibrium
- UK economy is recovering but it is still early days
Carney also notes that his vote during the January policy meeting is 'more finely balanced', but I reckon with the recent worries surrounding the virus outbreak and its impact on the domestic and global economy, they may very well be forced into action on 26 March.
And he sure is dropping a lot of hints about it, as seen by the headline reading.
