bankofengland.co.uk - 11/6/2008
—
The Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%.
bloomberg.com - 11/7/2008
—
bloomberg.com —
South Korea cut interest rates by a quarter
point, the third reduction in a month, to prevent...
the economy from sinking into its first recession since the nation needed an International Monetary Fund bailout a decade ago. Central bank Governor Lee ...
(more)
Bank of Korea Reduces Rates for Third Time in a Month ...
bloomberg.com - 11/6/2008
—
bloomberg.com —
Nov. 6 (Bloomberg) -- The Bank of England
unexpectedly cut the benchmark interest rate by 1.5 percentage...
points to the lowest since 1955 as U.K. policy makers tried to limit damage caused by the worst banking crisis in almost a century. The ...
(more)
Bank of England Slashes Key Rate to Lowest Since 1955 ...
online.wsj.com - 11/6/2008
—
online.wsj.com —
The Bank of England surprised markets with a
sweeping one-and-a-half percentage point interest-rate cut Thursday, as central...
banks in Europe slashed their key rates to stave off deep and prolonged recessions. The Bank of England cut its key lending ...
(more)
Europe's Central Banks Slash Interest Rates
Comments
Blog Reactions
***BANK OF ENGLAND CUTS RATES 150BPS***
FT Alphaville —
From the BoE : The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%. The past two months have seen a substantial downward shift in the prospects for inflation in the United Kingdom. There has been a very marked deterioration in the outlook for economic activity at home and abroad. Moreover, commodity prices have fallen sharply. Since mid-September, the global banking system has experienced its most serious disruption for almost a century. While the measures taken on bank ...
Bank of England
Across the Curve —
... The Bank of England unexpectedly slashed rates by 150 basis points. Here is a link to the statement which accompanied the action and which is an unusually forthright explanation of the gravity of the current situation. ...
BOE slashes key interest rate by 1.5%, ECB by 0.5%
BloggingStocks —
... "There has been a very marked deterioration in the outlook for economic activity at home and abroad," the Bank of England said in a statement. ...
Reserve Bank to slash rates to 5.5%?
The visible hand in economics —
... I get back into the country and everyone is telling me that rates are going down by 100 basis points in the next meeting - however no-one will tell me why!
One big reason appears to be the large rate cuts by the Bank of England (down 150 basis points) and the Reserve Bank of Australia (down 75 basis points - with statement) - however, I don’t see how this moved market expectations from a 50 basis point cut to a 100 basis point cut?
The retail banks are saying that the economic situation has worsened ...
Related Content
Bank of England, Huge Panic Cut
benbittrolff.blogspot.com 11/6/2008 — The market was expecting 1% at most. This cut smells of absolute panic. The market is taking this as a bad bad sign. This is the largest single cut I’ve ever seen from the Bank of England. Just another Step Closer to ZIRP, Liquidity Trap, Lost Decade. ...
Bank of England cuts interest rates by 50 bps
ftalphaville.ft.com 2/5/2009 — Bank of England reduces Bank Rate by 0.5 Percentage Points to 1.5%:
8 January 2009
The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.5%. The world economy appears to be undergoing an ...
Buy like the Bank of England
ftalphaville.ft.com 1/30/2009 — If the Bank of England does start to buy up corporate bonds, as Mervyn King hinted last week, then those purchases are likely to target investment-grade non-financial issues, according to Morgan Stanley analysts.
This is important because, as they see it,
Deployed against the £ corporate bond ...
Bank of England Cuts Rate to Historic Low
online.wsj.com 1/8/2009 — See Corrections and Amplifications below The Bank of England cuts its key rate by a half percentage point to 1.5%, the lowest level in the bank's 315-year history, marking the latest in global policy makers' efforts to fend off the threat of deep ...
BOE Cuts Rate to Lowest Since Bank’s Creation in 1694 (Update2)
bloomberg.com 1/8/2009 — Jan. 8 (Bloomberg) -- The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, ...
A look at the Bank of England’s balance sheet
macroblog.typepad.com 3/21/2009 — The current financial crisis is global in scope, with central banks responding in various ways to mitigate the strains in their respective countries. The Federal Reserve is not the only central bank that has been aggressive in its response. For ...
News Release - US Dollar Liquidity Operations
bankofengland.co.uk 10/13/2008 — In order to provide broad access to liquidity and funding to financial institutions, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further ...
Plan by Bank of England to Ease Credit Is Extended
hf-implode.com 8/6/2009 — "The Bank of England decided Thursday to expand its asset-purchasing plan, saying that while there were some encouraging signs in the British economy, the recession was “deeper” than previously thought."
Business this week —
The Economist: Full print edition 11/6/2008
Amid signs of a worsening British economy, the Bank of England slashed its benchmark interest rate by one-and-a-half percentage points to 3%, its lowest level since 1955. Earlier, Gordon Brown said he hoped banks would pass on interest-rate ...
Follow WallStreetBlips on Twitter
