http://www.bbc.co.uk/news/business-36976528
This is the first policy reform as a direct impact of Brexit.
In a desperate move to stimulate the economy, BOE has also mentioned that rates could go lower if necessary. Analysts are expecting ZIRP by year end.
Will this push the UK to NIRP in the future? do you think interest cuts will indeed make a positive impact?
interest rate cuts will support asset prices. why the central banks of the world feel the need to avoid a natural occurrence in the business cycle (recession), I will never understand.
if economies don't have the opportunity to go into recession, bubbles form, and the crash is that much more violent. it's a similar principle to wildfires in california, you need the underbrush to burn off regularly, because when you prevent it for long enough, chaos eventually occurs.
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