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BoE halts historic gilt slump with £200 billion cash promise

FILE PHOTO: A broker looks at financial information on computer screens on the IG Index the
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LONDON (Reuters) - The Bank of England halted the sharpest slide in British government bonds since 1998 on Thursday after it cut its interest rate to a record low 0.1% and promised 200 billion pounds ($231 billion) of asset purchases.British assets have been under heavy selling pressure this week, as concerns about the economic impact of the coronavirus mounted and investors sought the safety of..
Date Published: Mar 19, 2020
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