BOE
BoE leaves policy rate and QE unchanged as expected
The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its May policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected. Follow our live coverage of the BoE policy announcements and the market reaction. Market reaction The British pound …
UK economy can be viewed as glass half full or half empty, GBP/USD slumps
“The UK economy can be viewed as a glass half full or half empty,” the Bank of England (BOE) Governor Andrew Bailey said while speaking at a webinar hosted by the British Chamber of Commerce on Tuesday. On monetary policy, Bailey said: “We have looked very hard at the scope to cut rates further, including …
BOE exhibits leading-edge display technologies at Display Week 2020
BEIJING, Aug. 8, 2020 /PRNewswire/ — SID Display Week, the most influential tradeshow for the global display community, presented the first ever virtual show on August 3, 2020. BOE showed a slew of its innovative display technologies and applications such as printing OLED, flexible display, Mini LED, BD Cell, and reflective LCD display in mind-blowing …
Stocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …
GBP/USD tumbles as BOE surprises with 0.25% rate cut
The Bank of England has announced a surprise 50 basis point rate cut from 0.75% to 0.25%. Both outgoing Governor Mark Carney and his successor Andrew Bailey had previously said that they are ready to act in face of the coronavirus crisis. While the move is not a total surprise, but the timing – outside …
