Bank of England cuts main rate to lowest level ever
In addition to cutting the rate to 0.1%, the central bank said it was relaunching its monetary stimulus program
- March 19, 2020 March 19, 2020
- 15:22
In addition to cutting the rate to 0.1%, the central bank said it was relaunching its monetary stimulus program
In addition to the rate cut, the central bank announced other emergency measures
The OECD has lowered its global growth forecasts by half a percentage point
The Bank of England referred the case to the Financial Conduct Authority
Business investment shrank by 0.5% amid Brexit fears
The bank forecasts economic growth of 1.3%—assuming the U.K. leaves the EU with a deal
Economists predict a recession if the U.K. leaves the EU without a deal in place
Automotive group issues dire warning about no-deal exit from the EU
A fall in the pound and more could be in the cards for Britain
The European Central bank isn't expected to pick up the pace of rate hikes