Global stocks rise on yet more hopes of central bank rate cuts
The Bank of England announced a surprise 50bps cut to tackle the coronavirus shock, with renewed expectation of the same from the ECB
11 March 2020 - 12:16
London — European stocks rose on Wednesday after the Bank of England (BOE) joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak.
The surprise move from the BOE which — on the day that Britain’s budget is set to open the taps on spending — also announced measures to support bank lending, lifted shares after a lacklustre session in Asia...
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