In a universally-expected move, the Bank of England has halved the Base Rate to an historic low of just 0.25% and renewed some quantitative easing. The BoE’s interest rate had been at an already low 0.5% since March 2009 – the peak of the global economic meltdown.
- Scroll down for prime resi industry reactions.
- Forget Super Thursday, the Bank of England can only offer Mildly Useful Thursday August 4, 2016
- ‘Now is not yet the time to raise interest rates’ – Carney January 20, 2016
- Inflation Nation: On the Bank of England’s balancing act November 10, 2016