Tuesday, 01 December, 2020

Carney on interest rates cut: ‘It will help to support confidence’

The Lender of England has declared an unexpected emergency reduce in fascination premiums to shore up the economic system amid the coronavirus outbreak.

Policymakers decreased costs from .75% to .25%, getting borrowing expenses back again down to the cheapest amount in history.

Governor Mark Carney reported the action would supply relief “at a difficult time”.

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