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Carney warns coronavirus economic shock ‘could prove large’

Mark Carney has said the Bank of England will take steps to help the UK through a coronavirus economic shock “that could prove large”.

Mr Carney told MPs that the Bank’s interest rate setting committee was “considering the policy implications of various possible scenarios” that could arise from the outbreak.

The comments come after the Bank governor last week told Sky News that Britain should prepare itself for an economic growth downgrade as a result of the impact of the outbreak.

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