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WebIn economics, a shock is an unexpected or unpredictable event that affects an economy, either positively or negatively. Technically, it is an unpredictable change in exogenous … Web5 Apr 2024 · This economic shock will affect both demand and supply in the economy. MPC reduces Bank Rate and launches new Term Funding Scheme with additional incentives for SMEs At its special meeting ending on 10 March 2024, the Monetary Policy Committee (MPC) voted unanimously to reduce Bank Rate by 50 basis points to 0.25%. george brown college english
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