Friday, November 14, 2008

Bank Cuts Rates by 1.5%

The Bank of England surprised analysts with a massive 1.5% cut in base rates, 6th November (Bank rate cuts)Interest rates are now at 3%, well below the CPI measure of inflation.Interest rates have been cut on the back of a string of poor economic indicators, suggesting the economy is in its most serious slowdown since [...]

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[Source: Finance Blog]

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