Hopes rise for Bank of England coronavirus intervention
City expects coordinated response from outgoing governor and new chancellor including rate cut and easier borrowing
Speculation is mounting that Mark Carney will use his final week as governor of the Bank of England to announce a dramatic package of support for the British economy to help it through the coronavirus outbreak.
City traders believe Threadneedle Street could announce an immediate cut in interest rates, and ease borrowing conditions for high street banks, to coincide with Rishi Sunak's budget on Wednesday, as part of a concerted effort to help households and businesses amid the unfolding economic crisis.
28 October 1929The original Black Monday. The Dow plunged 13%, then a record, as the Great Wall Street Crash ended the bull market of the 1920s.
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