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Bank of England, Huge Panic Cut

Abnormal Returns found this 11/6/2008 on benbittrolff.blogspot.com

The market was expecting 1% at most. This cut smells of absolute panic. The market is taking this as a bad bad sign. This is the largest single cut I’ve ever seen from the Bank of England. Just another Step Closer to ZIRP, Liquidity Trap, Lost Decade. Global ZIRP should be interesting though. I ...