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Bank of England eyes sub-zero rates in face of virus, Brexit - Black News Channel

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By PAN PYLAS Associated Press LONDON (AP) — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit. After unanimously deciding to maintain the bank's main interest rate at the record low of 0.1%, the nine-member rate-setting Monetary Policy Committee said it had discussed its 'policy toolkit, and the effectiveness of negative policy rates in particular.' In minutes accompanying the decision, the rate-setters said a recent wave […]

The post Bank of England eyes sub-zero rates in face of virus, Brexit appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

Business Facts

  • The AFRO Awarded $100,000 Grant by Facebook Journalism Project
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  • Illinois Nonprofits Launch Campaign to Boost Access to Stimulus Payments amid COVID-19 Pandemic
  • One Couple’s Recipe for Business Survival In COVID-19
  • Facebook Awards Black Press of America Publishers $1.3 Million in Relief Grants
  • Community banks get $30 billion as OneUnited takes lead for black business
  • Wells Fargo Waives Collection of Negative Balances, Provides Stimulus Check Tips | BlackPressUSA
  • Lupe Fiasco Creates Nonprofit to Help Inner-City Businesses
  • James DuBose Talks Building Fox Soul From the Ground Up
  • Restaurants in America Hard Hit by COVID-19 Face Uphill Battle to Return to Normal | BlackPressUSA

Washington DC Facts

  • Million Man March
  • I have a dream - Martin Luther King and the March on Washington in full HD
  • Barack Obama's 923 Executive Orders - Urban Legends
  • Adu, Freddy (1989-- )
  • Charles Drew, born

New York City Facts

  • David Dinkins was elected first Black mayor of New York City, 1989
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  • From the Slave Quarters to the Courtroom: The Story of the First African American Attorney in the United States
  • (1968) Martin Luther King, Jr., “I’ve Been to the Mountaintop”

Martin Luther King Jr. Facts

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