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Bank Governor Mark Carney press conference on interest rate cut

At a press conference following the rate cut, Bank Governor Mark Carney said the rate cut was part of a ” comprehensive and timely package of measures to help UK businesses and households bridge across the economic disruption that is likely to be associated with Covid-19. “These measures will help to keep firms in business and people in jobs and help prevent a temporary disruption from causing longer-lasting economic harm. “

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