STAFF NEWS & ANALYSIS
BoE Set to Save the Day, But the World’s Banking System Is Set to Fail
By Daily Bell Staff – July 11, 2016
Britain’s central bank is on the cusp of pulling an unprecedented move to stop Brexit destroying the economy … The Bank of England is on the cusp of cutting interest rates to a new historic low again on Thursday in a bid to mitigate an impending economic slowdown caused by a Brexit. -Business Insider
This Business Insider article points out how the Bank of England is getting ready to save the British economy from the upcoming Brexit recession.
Many in the investment industry are positive about the Bank of England’s move to reduce rates from 0.5% to 0.25%. According to a survey in the Financial Times, markets “have already priced in a 75% chance of interest rates being