Government will announce series of measures in budget to help households, businesses

Economic shock will hurt both supply and demand in the UK

BOE coordinating with Treasury to ensure measures have maximum impact

BOE will take all necessary further steps to help UK economy

Today's move by the BOE is a 'big, big package'

We can cut rates below 0.25% to close to but above 0%

QE and assets purchases are very much part of BOE toolkit

Still very early to judge scale of virus impact on UK economy

We have anecdotal evidence of sharp fall in UK trading conditions

The coronavirus situation will pass, but how long remains to be seen