BoE introduced a monetary stimulus package for the country that has voted to leave the European Union including a

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

BoE Eases, Downgraded Outlook

BoE introduced a monetary stimulus package for the country that has voted to leave the European Union including a 25bp cut in the bank rate to 0.25%, a new Term Funding Scheme to reinforce the pass-through of the cut; the purchase of up to £10bn of UK corporate bnonds, an expansion of asset purchase scheme for UK government bonds of £60bn. The central bank expects unemployment to start tapering off within the three-year forecast horizon and much of the economy’s spare capacity will have been ...