UK emergency rate-cut decision was unanimous

The emergency 0.5% interest-rate cut in the UK at the height of the banking turmoil two weeks ago was given unanimous approval by Bank of England rate-setters, it was revealed today.

Members of the Bank’s Monetary Policy Committee (MPC) all voted in favour of plans to join central banks around the world in slashing rates in the chaos following the collapse of Lehman Brothers, minutes of the meeting showed.

The minutes said: “Given the global nature of the financial market turbulence, there was a strong argument for participating in the proposed co-ordinated international action.”

More in this Section

Landlord Yew Grove says its tenants paying almost all rents due this quarterLandlord Yew Grove says its tenants paying almost all rents due this quarter

EU sets up new Covid-19 company fraud unit at EuropolEU sets up new Covid-19 company fraud unit at Europol

Jobs boost for US as lockdown easing sees millions back at workJobs boost for US as lockdown easing sees millions back at work

Passenger numbers in Cork and Dublin airports plunge 99% in April and MayPassenger numbers in Cork and Dublin airports plunge 99% in April and May


Lifestyle

Rower Philip Doyle believes there is no gain without pain when it comes to training. “You have to break a body down to build it up,” says the 27-year-old matter of factly.Irish rower Philip Doyle: 'You have to break a body down to built it up'

The bohemian brio of kaftans seems a tad exotic for socially distanced coffee mornings or close-to-home staycations. Perhaps that’s their charm.Trend of the Week: Cool Kaftans - Breezy dressing redefined

Eve Kelliher consults a Munster designer to find out what our future residences, offices and businesses will look likeHow pandemic life is transforming homes and workplaces

Nidge and co return for a repeat of a series that gripped the nation over its five seasons.Friday's TV Highlights: Love/Hate returns while Springwatch looks at rewilding

More From The Irish Examiner