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Bank of England interest rate decision - business live

Discussion in 'Market News' started by Lily, Aug 4, 2016.

  1. Lily

    Lily Forum Member

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    Tension is building in the City as Britain’s central bank decides whether to slash borrowing costs to fresh record lows today

    7.36am BST

    Good morning.

    Has the moment finally come? For the first time in over seven years, British savers and borrowers could actually see an interest rate cut today, as policymakers try to ward off a recession.

    “There is enough evidence on the negative shock to the economy that some easing is justified.”

    Related: UK services sector contraction adds to recession fears

    Global markets have dubbed today as the #BoE’s super Thursday as they expect it to cut its bank rate to 0.25% from the current 0.50%

    Welcome to Super Thurs: when a entire generation of cherubic financial journalists finally get to write about a Bank of England rate move

    Continue reading...
     

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