bloomberg.com - 11/6/2008
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Nov. 6 (Bloomberg) -- The Bank of England unexpectedly cut the benchmark interest rate by 1.5 percentage points to the lowest since 1955 as U.K. policy makers tried to limit damage caused by the worst banking crisis in almost a century. The nine-member Monetary Policy Committee, led by Governor ...
bankofengland.co.uk - 11/6/2008
benbittrolff.blogspot.com - 11/6/2008
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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. ...
(more)
Bank of England, Huge Panic Cut
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BoE Slashes Interest Rates 150 Bips
The Big Picture —
Wow:
The Bank of England unexpectedly slashed the benchmark
interest rate by 1.5 percentage points as policy makers tried to
contain the damage caused by a recession.
The nine-member Monetary Policy Committee, led by Governor Mervyn
King, slashed the bank rate to 3 percent. The move was predicted by
none of the 60 economists in a Bloomberg News survey. The pound plunged
as much as 1.1 percent to $1.5722.
Dollar rally should hurt Oil and Gold today . . .
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Bank of England Slashes Key Rate by ...
Bank of England Has Some Catching Up to Do
EconomPic —
Per Bloomberg: The Bank of England unexpectedly cut the benchmark interest rate by 1.5 percentage points to the lowest since 1955 as policy makers tried to limit damage caused by the worst banking crisis in almost a century. The nine-member Monetary Policy Committee, led by Governor Mervyn King, reduced the bank rate to 3 ...
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