Monthly Archives: August 2016

UK Base rate cut to new low of 0.25%

UK interest rates have been cut to a new all-time low. Bank of England (BoE) policymakers reduced base rate by 0.25 percentage points to 0.25% at their August meeting. Prior to their decision, the central bank’s key interest rate had remained at 0.5% since March 2009 – their lowest level since the BoE was established… Read more »

Challenging Times for Europe

Having dropped during June following the UK’s shock Brexit vote, European equity markets rose during July, boosted by speculation over further stimulus measures. Nevertheless, confidence remained brittle, undermined by terrorist atrocities in France and Germany, and by continuing uncertainties surrounding Brexit. European Central Bank (ECB) policymakers believe that Brexit could have a “significant” effect and… Read more »