BRITAIN: BOE Monetary policy committee discussing a range of options, which include keeping rates on hold or slashing them to zero Guardian reported using #Brexit as the excuse to get consumers borrowing and spending – @AceFinanceNews

#AceFinanceNews – July.10: Bank of England considers interest rate cut to tackle Brexit crisis

Monetary policy committee discussing a range of options, which include keeping rates on hold or slashing them to zero

The Bank of England will consider the first interest rate cut for more than seven years this week, as it seeks to contain the economic fallout from the #Brexit vote.

Some City economists predict that with consumer confidence battered and businesses nervous about spending and hiring, the Bank will want to shore up sentiment by reducing interest rates further from a record low of 0.5%.

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