Tag Archives: Carney

Coronavirus: Mark Carney warns of ‘large’ short-term economic shock

Coronavirus: Mark Carney warns of ‘large’ short-term economic shock

Image copyright AFP Bank of England governor Mark Carney has warned that coronavirus could produce a "large" but "ultimately temporary" shock to the economy."It is beyond the containment phase," Mr Carney told the Commons Treasury Committee, before adding the economic effects could last up to six months.However, he said the Bank was ready to help…

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