Tag Archives: Bank of England

U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

WASHINGTON/GENEVA (Reuters) – U.S. President Donald Trump said the United States will suspend all passenger travel from continental Europe on Friday to limit the spread of the coronavirus after the outbreak was formally declared a pandemic, sending global markets into a tailspin. Trump announced the travel ban on live television …

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Emergency Rate Cut And Budget Boost

Britain Fires With Both Barrels: Emergency Rate Cut And Budget Boost

The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave off a recession triggered by the coronavirus outbreak. In what amounts to a choreographed double-barrelled stimulus programme, the …

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After US (Fed), Europe Central Banks (ECB), RBI May Turn To Bank Of England (BoE) For Ideas

After US (Fed), Europe Central Banks (ECB), RBI May Turn To Bank Of England (BoE) For Ideas

The RBI’s five rate cuts last year failed to spur credit demand First it was the Federal Reserve. Then the European Central Bank. Now, India’s monetary authority may look to the Bank of England for ideas to revive growth, economists say. The Reserve Bank of India could possibly draw inspiration …

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