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HomeLive CommentsCarney: BoE assessing economic impacts of coronavirus, considering policy implications

Carney: BoE assessing economic impacts of coronavirus, considering policy implications

BoE Governor Mark Carney told the Parliament that the MPC is “assessing the economic impacts” of the global coronavirus outbreak. And it’s “considering the policy implications of various possible scenarios, including the extent to which supply disruptions have aggregate demand consequences via cash flow, cost and availability of finance, as well as confidence effects.”

He noted that BoE’s role is to “help UK businesses and households manage through an economic shock that could prove large but will ultimately be temporary.” The bank will also “take all necessary steps to support the UK economy and financial system consistent with its statutory responsibilities.”

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