The Bank of England has vowed to help stabilise financial markets, joining other central banks in promising action to ease the economic impact of the coronavirus.
It followed a rebound in Asian markets amid hopes central banks will cut interest rates and provide stimulus.This mirrored a similar pledge from the US Federal Reserve on Friday to stop more big falls on global stock markets. "The Bank is working closely with HM Treasury and the FCA - as well as our international partners - to ensure all necessary steps are taken to protect financial and monetary stability," a spokesman said.
In a statement, the Bank of Japan said:"The BoJ will monitor developments carefully, and strive to stabilise markets and offer sufficient liquidity via market operations and asset purchases."
BBCPolitics I know the argument goes that “it’s for the good of the little people”, but you know what? I don’t believe it. No more bailing out banks with taxpayers’ money. Enough is enough.
BBCPolitics Vows....... What sort of headline uses vows in this context. Is the BBC employing 10 year olds
Will they be handing all that bog roll out that they panic stock piled, you know because Brexit was going to mean we all had to use leaf's. What are they going to do buy everyone a Lemsip & tell us were all doomed again because Brexit will mean shortages of.....!
Wtf can the bank of England do about it. F all
I’m shocked it has an economic impact