Bank of England cuts quarter-point off interest rates

The Bank of England has shaved a quarter-point off interest rates.

Bank of England cuts quarter-point off interest rates
Thu, 08 Feb, 2001 - 13:50

The Bank of England has shaved a quarter-point off interest rates.

The decision by the Bank's nine-member Monetary Policy Committee to reduce the official cost of borrowing from 6% to 5.75% brings to an end 12 months of interest rate stability.

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CourtsPlace: AtlanticPlace: UKPerson: Kate BarkerPerson: BarkerOrganisation: Bank of EnglandOrganisation: Monetary Policy CommitteeOrganisation: US Federal ReserveOrganisation: USOrganisation: MPCOrganisation: Confederation of British Industry
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