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BOE Cuts Rate to Lowest Since Bank’s Creation in 1694 (Update2)
bloomberg.com - 1/8/2009
BOE Cuts Rate to Lowest Since Bank’s Creation in 1694 (Update2)
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Jan. 8 (Bloomberg) -- The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, led by Governor Mervyn King , trimmed the ...
online.wsj.com - 1/8/2009
Bank of England Cuts Rate to Historic Low
— online.wsj.com — See Corrections and Amplifications below The Bank of England cuts its key rate by a half percentage... point to 1.5%, the lowest level in the bank's 315-year history, marking the latest in global policy makers' efforts to fend off the threat of deep ... (more) Bank of England Cuts Rate to Historic Low

Comments vote down Trading Goddess found this 1/8/2009found this
Chancellor set to print more cash as interest rates hit record low
timesonline.co.uk - 1/8/2009
Chancellor set to print more cash as interest rates hit record low
— timesonline.co.uk — Alistair Darling is considering printing more money in an attempt to ease the credit crunch. As interest... rates appear certain to fall to an historic low today, the Chancellor and Mervyn King, the Governor of the Bank of England, are looking at ... (more) Chancellor set to print more cash as interest rates hit ...

Comments vote down FT Alphaville found this 1/8/2009found this

Blog Reactions

Dealbreaker:  Opening Bell: 01.08.09

EconomPic:  Bank of England Cuts to Lowest Rate Since 1694 Inception

CrossingWallStreet.com:  Bank of England Cuts Rates to Lowest Level Since '94

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Blog Reactions

Opening Bell: 01.08.09
Dealbreaker — BoA Begins Layoffs (NYP) The Post relays the news we told you yesterday: Bank of Amerillwide has begun it canning campaign. More details later this morning. BOE Cuts Rate to Lowest Since Bank's Creation in 1694 (Bloomberg) "The Monetary Policy Committee, led by Governor Mervyn King, trimmed the bank rate by a half point to 1.5 percent. The result matched the median forecast of 60 economists in a Bloomberg News survey. The pound rose against the euro and the dollar. "The availability of credit to both households ...

Bank of England Cuts to Lowest Rate Since 1694 Inception
EconomPic — Bloomberg reports: The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, led by Governor Mervyn King, trimmed the bank rate by a half point to 1.5 percent. The result matched the median forecast of 60 economists in a Bloomberg News survey. The pound rose against the euro and the dollar.

Bank of England Cuts Rates to Lowest Level Since '94
CrossingWallStreet.com — That would be 1694 when the bank was started: The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, led by Governor Mervyn King, trimmed the bank rate by a half point to 1.5 percent. The result matched the median forecast of 60 economists in a Bloomberg News survey. The pound rose against the euro and the dollar. ...

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