Tag Archive: bank of england

BOE Takes Action

The Bank of England yesterday took some preliminary measures to boost economic activity following the nation’s June 23rd vote to exit the European Union. These measures included an interest rate cut from .5 to a record low .25 percent along with some $10 billion in corporate bond purchases and $60 billion in government debt. And there may very well be more to come… While stocks were heavily sold-off initially following the Brexit vote, they have come roaring back, with some indices reaching fresh all-time highs.... Continue Reading