Tag: Interest Rates
Gold prices hit nine-year high
The economic turmoil of the Covid-19 pandemic continued to shake markets on Wednesday as gold prices topped $1,800 for first time since 2011.
Gold is...
Bank of England pumps further £100bn into economy
The Bank of England ramped up its quantitative easing (QE) programme by a further £100 billion on Thursday, to help fight the “unprecedented” economic...
Sunak ends austerity in giveaway Budget
Newly installed chancellor of the exchequer Rishi Sunak announced a £30 billion fiscal stimulus package in his first Budget on Wednesday in a bid...
Bank slashes interest rates in emergency cut
The Bank of England dropped interest rates by 50 basis points (0.5 percentage points) early on Wednesday morning in an attempt to stimulate the...
