by Justin Spittler
One of the world’s biggest central banks just swung its “sledgehammer.”
On Thursday, the Bank of England (BoE) launched its biggest stimulus package since the 2008–2009 financial crisis.
It cut its key interest rate to a record low. It started “printing” money again. And it announced a new “funding scheme.”
The BoE launched this massive easy money program to soften the blow of the “Brexit.” As you probably heard, Britain voted to leave the European Union (EU) on June 23. The historic event rattled Britain’s financial system.