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ft.com - 1/8/2009
FT.com / UK - UK cuts rates to 315-year low to boost lending
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The Bank of England on Thursday urged the Treasury to hasten plans to ease the flow of credit to companies, as it cut official interest rates to a 315-year low of 1.5 per cent. Warning the “world economy appears to be undergoing an unusually sharp and synchronised downturn,” the Bank said it ...

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FT Alphaville:  Lunch Wrap

Finance Trends Matter:  Features of the week

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Lunch Wrap
FT Alphaville — ... - BoE cuts rates by 50 bps. - Best ever Christmas for Sainsbury. - Bailing out bank assets. - What is Lloyds TSB up to? - Quantitative easing in the UK. - Exit strategy . - It’s a slow road to recovery . -The (non-) tracker . - Capitalising on cycles . - The central bank comms league . - Finally, a use for the VAT cut! - Men’s mags and rate cuts on Markets Live . On FT.com, - Bank cuts interest rates to 1.5%. - Sainsbury outshines upmarket rivals. - Dell to shed ...

UK interest rates cut to 315-year low
FT Alphaville — The Bank of England on Thursday urged the Treasury to hasten plans to ease the flow of credit to companies, as it cut official interest rates to a 315-year low of 1.5%. Warning of “an unusually sharp and synchronised downturn” in the global economy, the Bank said it needed to cut interest rates by a further 0.5 percentage points to prevent inflation falling too far for too long. But it stressed that further steps were needed to increase the flow of lending. The government is trying to gather international support for a package to restore funding for bank lending and ease ...

Features of the week
Finance Trends Matter — Good news, bad news, you know I've had my share...and we're bringing you all the latest in our, "Features of the week". 1. Worst year for US jobs since 1945. 2. Congressional panel steps up criticism of Treasury over TARP. 3. Satyam fraud case sparks corporate ethics debate in India. 4. UK cuts rates to 315-year low to boost lending. 5. What would Sir John Templeton say about ...

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