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Interest rates slashed to 3%

Nov 6 2008

The unexpectedly large cut of 1.5% was immediately welcomed by business leaders....

Inflation hit 16-year high last month

Oct 15 2008

INFLATION hit a 16-year high in September, but economists believe the year-long spiral in the cost of living could soon be over....

MERVYN KING, the Governor of the Bank of England, came within one-tenth of a percentage point of having to pen a public letter of explanation to Chancellor Alistair Darling after yesterday’s publication of the Consumer Prices Index (CPI)....

Interest rates set to stay on hold

Mar 5 2008

INTEREST rates are once again the focus of the markets as they wait to see what action the Bank of England’s Monetary Policy Committee takes when it makes its latest announcement at noon tomorrow....

‘Too little, too late’ is rate cut verdict

Feb 8 2008

INTEREST rates need to be cut still further – that’s the view of the region’s business leaders after Bank of England policymakers cut the cost of borrowing by 0.25% yesterday....

Interest rates cut for first time in two years

Dec 6 2007

THE Bank of England cut interest rates today for the first time in two years amid fears the UK economy could be heading for a sharp slowdown....

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