The Bank of England is prepared to take more measures to combat the economic impact of the coronavirus outbreak, Governor Mark Carney said at a press conference on Wednesday, after the central bank announced a slew of measures including a surprise interest rate cut earlier in the day.
The BoE's role is to help UK businesses and households manage through an economic shock that could prove large and sharp but should be temporary, outgoing governor said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.