'The solution of yesteryear': Industry says BoE rate cut is 'meaningless'
Move from central bank is ‘surprising’
The “surprising” decision from Bank of England Governor Andrew Bailey to cut UK interest rates to their lowest-ever level of 0.1% has been slated by industry commentators, who have called the move “meaningless”, “the solution of yesteryear” and nothing more than a bid to “be seen doing something” after the European Central Bank (ECB) “rolled out the QE cannons” yesterday (19 March).
Bailey announced the bank would slash UK interest rates by 15 basis points, having already cut rates by 50 basis points one week before from 0.75% to 0.25%. Yesterday's move, which is the latest monetary...
More on Investment
Leigh Day takes first formal step against Link on behalf of Woodford investors
Alleges Link "mismanaged" WEIF
Terry Smith names potential Fundsmith successor
'Most' of the business will remain in current employees' hands
Investors return to UK equity funds after eight months of outflows
Higher bond yields did not deter investors
Sustainable Investment Special Report: How should investors approach China 'at start of ESG journey'?
Progress being made but barriers remain
ESG ratings: Bringing transparency or just greenwashing?
Quality of sustainability ratings brought into question
More news
Nucleus encourages shareholders to vote for James Hay deal on 30 March
Vote on £145m deal
Watch the 2021 PA Awards online on 11 March
Save the date
Leigh Day takes first formal step against Link on behalf of Woodford investors
Alleges Link "mismanaged" WEIF
Kirsty Anderson: Stress testing the cashflow model
When was the last time you reviewed your processes?
Chris Budd: Considering afterlife and client objectives
What life memory would you choose?
