Mark Carney
Media playback is unsupported on your device
Video

Carney: Bank of England will take 'whatever action needed'

UK interest rates have been cut from 0.5% to 0.25%, and the Bank of England has signalled that they could go lower if the economy worsens.

The Bank also announced a range of measures to stimulate the UK economy, with Governor Mark Carney saying it was ready to "take whatever action is needed to achieve its objectives for monetary and financial stability".

  • 04 Aug 2016
Go to next video: Why have interest rates been cut?