NewsBot
19-Mar-20, 16:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Bank Of England Cuts Interest Rate To 0.1% - The Lowest Ever
The Monetary Policy Committee at a special meeting on 19 March 2020 voted to cut Bank rate to 0.1% and increase its holdings of UK government and corporate bonds by £200 billion. The spread of Covid-19 and the measures being taken to contain the virus will result in an economic shock that could be sharp and large, but should be temporary. [Read Full Article (https://caithness-business.co.uk/article/10524)]
Bank Of England Cuts Interest Rate To 0.1% - The Lowest Ever
The Monetary Policy Committee at a special meeting on 19 March 2020 voted to cut Bank rate to 0.1% and increase its holdings of UK government and corporate bonds by £200 billion. The spread of Covid-19 and the measures being taken to contain the virus will result in an economic shock that could be sharp and large, but should be temporary. [Read Full Article (https://caithness-business.co.uk/article/10524)]