Central Bank Watch
Bank of England Returns Key Interest Rate to 0.25% after Unscheduled Emergency Session of the MPC
March 11, 2020
At an unscheduled meeting of the Bank of England’s Monetary Policy Committee, members voted unanimously to cut the base rate by 50 basis points, thus reversing the two 25-bp hikes engineered in November 2017 and August 2018 and restoring the rate to the post-Brexit level of 0.25% reached in the second half of 2016. According […] More
New Overnight Developments Abroad - Daily Update
Continuing Market Volatility, an Unscheduled Bank of England Rate Cut, and Big Night for Biden
March 11, 2020
Share prices in Asia fell 2.3% in Japan, 2.8% in South Korea, 3.6% in Australia, 1.7% in Singapore and 0.9% in China. U.S. futures are down, but in Europe, stocks have so far risen 1.3% in France, 1.0% in Germany, 0.7% in Spain, and 0.6% in both the U.K. and Switzerland. The ten-year U.S. Treasury […] More
