By George Stephens • Published: 11 Mar 2020 • 16:40
Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history.
“I would emphasise the direction is clear, though the orders of magnitude are still to be determined.”
“There is no reason for it to be as bad as 2008 if we act as we have, and if there is that targeted support,” he said.
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