Bank of England saved 250,000 jobs after the Brexit

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Bank of England Governor Mark Carney believes the bank saved up to 250,000 jobs by unleashing an unprecedented package of monetary stimulus in response to the UK’s Brexit vote.
In a speech at the London School of Economics on Monday — in which he explored the relationship between inflation and economic output — Carney said the bank’s decision in August to cut interest rates to a record low of 0.25% and introduce a new package of quantitative easing had helped safeguard the UK’s labour market from the worst potential impacts of the referendum outcome.

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