Sunday, February 10, 2008

Bank Cut Base Rate - February 7th

As expected, the Bank of England cut the base rate by 25 basis points to 5.25%. This cut had been widely expected, and the only question was whether it would be a cut of 25 points or 50 points.The reason for the base rate cut wasSlowing demand in both the UK and global economyFalling house [...]

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[Source: Finance Blog]

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