The Commissioners weren’t affected by a lack of £ 1/four billion
The exchange reacted to the expected economic effects of the corona virus
Bank of England governor Mark Carney announced this on Wednesday at a press conference an urgent rate cut from 0.75 percent to 0.25 percent to support the economy during the coronavirus outbreak
Bank of England governor Mark Carney announced this on Wednesday at a press conference an urgent rate cut for …
Church commissioners lost an estimated £ 250 million on Monday as the stock market responded to the expected economic impact of the corona virus.
The commissioners only give details of their portfolio in their annual report once a year, but hold around 40 percent of their £ 8.3 billion investment in stocks that lost between seven and eight percent of their value in global trading on Monday. This would bring their losses to around £ 250million for that day.
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