Feedback Form
21 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

BoE and ECB Cut As Expected

posted by Avatar FiboFX 1178 days ago in EUR, GBP, Fundamental made popular 1178 days ago

The Bank of England (BoE) cut interest rates by 50bp to a new record low of 0.50%, economists expect further cuts in the future as the BoE attempts to boost the economy and prevent a deeper recession. Interest rates have now fallen 450bp since October 2008.

The BoE monetary committee today agreed to undertake a £75 billion asset purchase program
Log in to comment or register here.