The Bank of England has announced a 0.5% cut in the official base rate in response to the coronavirus, taking that official rate to 0.25%, or nothing by near enough any other name. I hate to say this, but the Bank is playing gesture politics, and at multiple levels come to that. First, 0.5% is […]
source https://thebtrader.com/2020/03/11/the-bank-of-england-has-delivered-its-gesture-and-now-passed-the-buck-to-the-chancellor/?utm_source=rss&utm_medium=rss&utm_campaign=the-bank-of-england-has-delivered-its-gesture-and-now-passed-the-buck-to-the-chancellor
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