17 Aug 17.08.2016 Bank of England cuts interest rates for first time since 2009
17.08.2016 Bank of England cuts interest rates for first time since 2009
August 4, the Bank of England cuts interest rate by 25 basis points to 0.25%, the lowest level recorded since 2009. At the same time expand the scale of asset purchases of £ 60 billion, expanding from 375 billion to 435 billion pounds. The most direct impact is that the pound will continue to drop and this will further reducing the cost of migration. For example, according to the Bank of China Exchange, ended at 15:00 on August 8, 2016, the British pounds convert against the RMB exchange rate is 8.7116. For a Chinese family who wants to emigrate to Britain on June 23 invested 2 million pounds equivalent to 19.44 million yuan, now has been reduced to 17.42 million yuan, saving about 2.02 million yuan. This will have the same effect for foreign investors.
Josephine Chung (44)7794366967