Friday, April 11, 2008

UK's central bank cuts rates by 25 basis points to 5.0%

(LONDON) The Bank of England (BOE) cut interest rates by a quarter percentage point yesterday in an attempt to cushion the economy from the global credit squeeze. It was its third reduction in five months.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,274681,00.html?

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