Sunday, October 26, 2008

How Much Will Lower Interest Rates Help?

In a concerted European move, the Bank of England, along with ECB acted decisively to cut interest rates by 0.5%. It is hoped that this cut in rates will help restore some optimism to the banking sector and wider economy.However, a cut in interest rates, is likely to be insufficient to prevent the economy sliding [...]

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[Source: Finance Blog]

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