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Carney: interest rate cut will make Brexit a ‘success’

Carney: interest rate cut will make Brexit a ‘success’

Bank of England (BoE) governor Mark Carney has told MPs that the decision to cut interest rates and introduce a package of fiscal stimulus measures will make Brexit a ‘success’. Carney has been criticised over the way the BoE handled its reaction to the vote to leave the EU. In a package of reforms announced last month, the

Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years

Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years

Looking to dazzle friends and family at the next summer barbecue? Well, drop this little fact on them: global interest rates are at their lowest in 5,000 years. Not only that, you can tell the acquaintance who brags about his gold bars in the bank vault that returns on commodities are the worst since 1933. Sounds

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