Submit a Story!
Votes
topics:

vote down flag
Interest rates cut: Bank of England cuts rates from 3 per cent to 2 per cent
telegraph.co.uk - 12/4/2008
Interest rates cut: Bank of England cuts rates from 3 per cent to 2 per cent
—
Rates have never been any lower since the Bank's foundation in 1694. The aggressive move, which most economists had forecast, comes as a raft of data shows the state of the economy is worsening by the day. Earlier today, Halifax, the country's largest lender said that house prices had fallen ...

Blog Reactions

Trader Daily Combined Feed:  Rate Cut Thursday Is Finally Here

The Mess That Greenspan Made:  Thursday morning links

calculatedrisk.blogspot.com - 12/4/2008
House Prices and Interest Rates
— calculatedrisk.blogspot.com — There were two stories published today concerning house prices and interest rates. The first story came out this morning, and quoted a report from Global Insight suggesting "the housing market is now slightly undervalued". Please stop laughing ... And ... (more) House Prices and Interest Rates

Comments vote down Economist's View found this 12/4/2008found this
Real interest rates plunge!
gregmankiw.blogspot.com - 12/3/2008
Real interest rates plunge!
— gregmankiw.blogspot.com — According to U.S. Treasury data , the five-year real interest rate from the TIPS market on 11/28/08 was 4.17 percent. Yesterday , it was 2.03 percent. What happened? It appears to be, in large measure, a figment of data construction. Here is how the ... (more) Real interest rates plunge!

Comments vote down Econbrowser found this 12/3/2008found this
Business & Technology | Fed may cut interest rates even more | Seattle Times Newspaper
seattletimes.nwsource.com - 11/30/2008
Business & Technology | Fed may cut interest rates even more | Seattle Times Newspaper
— seattletimes.nwsource.com — The Federal Reserve is widely expected to cut interest rates again — and might even cut all the way to zero — to revive the economy. A 0.5 percentage point cut is expected at the central bank's Dec. 15-16 meeting, which would bring the target to 0.5 ... (more) Business & Technology | Fed may cut interest rates even ...

Comments vote down Mises Economics Blog found this 11/30/2008found this
Comments
Blog Reactions

Rate Cut Thursday Is Finally Here
Trader Daily Combined Feed — ... Ernst & Young ITEM Club, said: "You could almost hear the sigh of relief up and down the country when the Bank of England's Monetary Policy Committee announced a 100 basis point cut in the base rate. "As was the case last month, it was almost certain that interest rates would be slashed, but the big question was by how much. ITEM believes that the MPC was right to cut the base rate of interest to 2 per cent – anything less would have been a missed opportunity." Continue reading on Telegraph.co.uk

Thursday morning links
The Mess That Greenspan Made — ... - Bloomberg Harvard Lessons: No place to hide - MarketWatch Dow Will Equal Gold in 2009 - Seeking Alpha ECONOMY Initial jobless claims fall to 1-month low of 509,000 - MarketWatch Calls for $1 Trillion Stimulus Package Grow as Economy Tumbles - Bloomberg The American Crisis and the Case for an Inflationary Depression - Seeking Alpha Embracing inflation - Guardian INTERNATIONAL Bank of England cuts rates from 3 per cent to 2 per cent - Telegraph New Zealand Cuts Key ...

Related Content
UK interest rates cut to 3%
ft.com 11/6/2008 — The Bank of England's Monetary Policy Committee slashed its key rate by an unprecedented 1.5 percentage points to 3 per cent, underscoring the Bank's deepening concern over a contracting economy
Bank of England cuts interest rates by 50 bps
ftalphaville.ft.com 2/5/2009 — 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 ...
Bank of England cuts interest rates and announces plans to print £150bn
telegraph.co.uk 3/5/2009 — The Bank's Monetary Policy Committee voted to cut interest rates by half a percentage point to a new historic low of 0.5pc, and said it would immediately pump 75bn of cash into the economy. The sweeping move - known as quantitative easing and ...
Financial crisis Interest rates to hit lowest level since 1694
telegraph.co.uk 10/17/2008 — Fear of slump could force Bank of England to cut interest rates down to less than two per cent experts have said.
Video - Your Money: Lower Interest Rates And You
marketnewslive.blogspot.com 12/24/2008 — Just because the Federal Reserve is cutting interest rates, don't expect your credit card company to necessarily do the same. AP Personal Finance Editor Trevor Delaney takes a closer look.
FT.com / UK - UK interest rates cut by half a point to 1%
ft.com 2/5/2009 — The Bank of England’s monetary policy committee on Thursday cut its key interest rate by a widely-expected half a percentage point to 1 per cent. In a statement accompanying the latest decision the Monetary Policy Committee warned there was ...
Europe's Central Banks Slash Interest Rates
online.wsj.com 11/6/2008 — The Bank of England surprised markets with a sweeping one-and-a-half percentage point interest-rate cut Thursday, as central banks in Europe slashed their key rates to stave off deep and prolonged recessions. The Bank of England cut its key lending ...
Fed Cuts Interest Rates: Does It Matter?
dailymarkets.com 12/17/2008 — The Fed has targeted 0.00-0.25% in the fed funds rate, and mortgage rates are currently moderate as well. But does it really matter? Financial institutions have been taking out advertisements that they are willing and ready to lend. The catch? They will only lend to “qualified ...
Bank of England, Huge Panic Cut
benbittrolff.blogspot.com 11/6/2008 — 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. ...
Federal Reserve may cut interest rates to 0% soon
usatoday.com 12/15/2008 — Economists expect the Fed's policymaking Open Market Committee to cut its short-term interest rate target, now at a scant 1%, to a record low of at least 0.5%, or further. The federal funds rate, which banks charge each other for overnight loans, is a ...
Monetary policy: Passive aggression — The Economist: Full print edition 12/4/2008
The ECB’s biggest-ever cut looks timid WHEN the economy is sinking and inflation fading rapidly, is there any merit in cutting interest rates gradually? On December 4th the Bank of England again opted for boldness. It cut its benchmark rate by ...
Interest rates: Scissors and stone — The Economist: Full print edition 12/4/2008
The banking crisis is blunting the effect of rate cuts THE Bank of England, established in 1694, has never set the official interest rate below 2%. On December 4th it tumbled to that historic floor, last seen in 1951, as the bank cut the base rate ...