UK FinMin Hammond: BOE & Govt have tools needed to support the economy

After the BOE slashed interest rates for the first time in seven years, to a record low of 0.25%, the UK’s Finance Minister Hammond crossed the wires via Reuters, noting that, “BOE and government have tools needed to support the economy.”

Markets now eagerly await BOE Governor Mark Carney’s press conference for further take on the UK economy and as well as domestic currency.