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. US Public Sector Pensions: Understanding The Risk Along with the 25 basis point bank rate cut, the BoE is also planning to ease through £60 billion of additional gilt QE — taking the total value of QE since the financial crisis to £435 billion – £10 billion worth…
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