Mar 19, 2020

Interest Rates at 0.1%

After I warned yesterday in my podcast about the terrible financial situation in the British economy.

The Bank of England today cut interest rates to the lowest in the banks history at 0.1 %

This has helped to shore up confidence - The pound sterling stopped its slide on hearing the news.

https://www.theguardian.com/business/live/2020/mar/19/stock-markets-fall-ecb-coronavirus-stimulus-sterling-oil-prices-ftse-dollar-business-live

3225
96