HSBC: The UK’s Low Yields May Not LastRupert Hargreaves
Last week was a landmark week for the Bank of England. After holding rates steady since the financial crisis, the central bank’s monetary policy committee decided to cut interest rates by 0.25% and promised to cut rates further -- probably to 0.1% -- in an attempt to kickstart the UK’s stuttering economy.
Along with the 25 basis point bank rate cut, the BoE is also planning to ease through £60 billion of additional gilt . . .
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