The Bank of England has followed moves by central banks in the United States, Canada and Australia to cut interest rates to counter the impact of coronavirus on the British economy.
England on March 11, 2020 in London, England: The Bank of England has made an emergency rate cut of 50 basis points, bringing the interest rate to 0.25%, matching record lows, in a bid to soften the economic shock of Covid-19.
The BoE said in a statement: “Although the magnitude of the economic shock from Covid-19 is highly uncertain, activity is likely to weaken materially in the United Kingdom over the coming months.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank of England cuts rates to historic lows in coronavirus response - Business InsiderThe announcement was made Wednesday morning, just over a week after the US Federal Reserve did the same.
Leer más »
Coronavirus: Bank of England cuts interest rates to protect UK economy - Business InsiderThe Bank of England has slashed interest rates to 0.25% in an emergency move to protect the UK economy from the coronavirus outbreak
Leer más »
Bank of England cuts rates in emergency move to counter coronavirus impactThe central bank has also announced a new term-funding scheme to support small and medium-sized companies.
Leer más »
Bank of England Cuts Interest Rates in Emergency Move to Combat Coronavirus CrisisThe Bank of England has cut interest rates in an emergency move to shore up the U.K. economy amid growing alarm over the coronavirus crisis. The Bank announced Wednesday morning it had reduced rate…
Leer más »
Bank of England Cuts Rates to Protect Economy From VirusThe U.K. central bank cut its benchmark interest rate in a move aimed at cushioning the economy from the impact of the coronavirus.
Leer más »
Bank of England rate cut 'a mistake and too soon,' Jim O'Neill saysChatham House Chair Jim O'Neill criticized the emergency cut to interest rates from Bank of England (BOE) as 'a mistake and too soon.'
Leer más »