On Wednesday, Bank of England’s Governor Mark Carney disclosed, the central bank was coordinating with Britain’s finance minister to ensure that the surprise cut in interest rates as well as other measures that were announced today had their maximum intended impact.

“The Bank is coordinating its actions with those that the Chancellor will announce later today in the budget in order to ensure that our initiatives are complementary and that they will collectively have maximum impact consistent with our independent responsibilities,” said Carney at a news conference.

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