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This is a big package. It's a big package. It is a big deal to cut the CCYB by as much as the FPC did. It's a huge term funding certainty for the financial sector, 100 billion at bank rate, with additional incentives and potentially could be substantially increased depending on the lending path of the economy, and on top of it there are fiscal measures that are coming. We have direct line of sight of the relevant bits of the budget. That's part of the coordination.

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Reuters 4 years ago
Mark Carney

Mark Carney

Mark Joseph Carney is the current Governor of the Bank of England and Chairman of the G20's Financial Stability Board.

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