Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Bank of England has cut its benchmark interest rate by 50 basis points in an emergency response to the growing uncertainty from the coronavirus outbreak.The BOE follows a similar move by the Federal Reserve last week, where it cut rates by 50 basis points in an emergency move.The Bank of England , the UK's central bank, cut interest rates by 0.
"Following the spread of COVID-19, risky asset and commodity prices have fallen sharply, and government bond yields reached all-time lows, consistent with a marked deterioration in risk appetite and in the outlooks for global and UK growth. Indicators of financial market uncertainty have reached extreme levels," the BOE said.
£/ $ 1.1367 ?!
Are we about to see negative rates in the UK & US? runningoutofheadroom
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Source: CNBC - 🏆 12. / 72 Read more »