Tag Archives: Central banking

Bank of England rate cut ‘a mistake and too soon,’ Jim O’Neill says

Bank of England rate cut 'a mistake and too soon,' Jim O'Neill says

Jim O’Neill Pier Marco Tacca | Getty Images Chatham House Chair Jim O’Neill criticized the emergency cut to interest rates from Bank of England (BOE) as “a mistake and too soon.” The central bank followed the U.S. Federal Reserve Wednesday in announcing a 50-basis point reduction to its benchmark rate, …

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Bank of England cuts main interest rate to 0.25% amid coronavirus

Bank of England cuts main interest rate to 0.25% amid coronavirus

Mark Carney, governor of the Bank of England (BOE), gestures while speaking during the bank’s quarterly inflation report news conference in the City of London, U.K., on Thursday, Aug. 2, 2018.  Simon Dawson | Bloomberg | Getty Images The Bank of England (BOE) announced Wednesday an emergency cut to interest …

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Federal Reserve, other central banks cut interest rates

Federal Reserve, other central banks cut interest rates

Central banks around the world, including the U.S. Federal Reserve, have lowered interest rates to support their respective economies amid a rapidly spreading coronavirus — and more are expected to follow suit. But investors and economists said there’s not much monetary policy can do to save the global economy, especially when …

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Ex-Fed Gov Warsh sees coordinated global central bank action

Ex-Fed Gov Warsh sees coordinated global central bank action

Former Federal Reserve Governor Kevin Warsh said Friday he expects the Fed and other central banks around the world to act soon in response to the coronavirus outbreak. Warsh, occasionally rumored to be a candidate for Fed chairman after Jerome Powell’s term expires, spoke Friday morning to CNBC’s “Squawk Box.” …

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