Bank of England Reduces Interest Rates to 1.5%
Published / Last Updated on 07/01/2009
Bank of England Reduces Interest Rates to 1.5%
The Bank of England Monetary Policy Committee met today and has again voted to reduce Bank Base rates.
Rates have been cut by 0.5% to 1.5% in light of the economic slowdown and in the hope that it will stimulate the economy as well as encourage banks to start lending to each other.
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