BoE cuts rates to a new historic low

BoE cuts rates to a new historic low from CNBC.

Eric Lonergan, fund manager at M&G, says it makes sense for the Bank of England to be “conservative” rather than taking very dramatic measures.

About The Author

Eric Lonergan is a macro fund manager, economist, and writer. His most recent book is Money (2nd ed) published by Routledge. He is also a supporter of Big Issue Invest (BII), the investment arm of The Big Issue, and is one of the initial limited partners in BII’s Social Enterprise Investment Fund LP. In a personal capacity, he makes direct investments in social enterprises. He also supports and advises The Empathy Museum.