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Bank of England cuts interest rates by 50 bps

Rover found this 2/5/2009 on ftalphaville.ft.com

Bank of England reduces Bank Rate by 0.5 Percentage Points to 1.5%: 8 January 2009 The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.5%. The world economy appears to be undergoing an ...