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Why have we just lowered the interest rates?

Mark Careny has just officially lowered interest rates from 0.5% to 0.25 %. Why did we do this and what will be the impact?

This article is very much economics 101, explaining it to people who don’t have as much economic knowledge so if you’re looking for some incredible commentary that will blow your socks off at a degree level, I regret to inform you that you are in the wrong place. 841 more words


Weekly FX outlook July 11 - 15

Rate decision in the UK and Canada, Employment data in the US and in Australia, US Producer Prices, Inflation data, Retail sales, Consumer Sentiment. These are the main market movers on forex calendar. 965 more words