Bank of England cuts interest rates

UK homeowners received a much-needed boost today after Bank of England policymakers cut interest rates for the second time in three months.

Thu, 07 Feb, 2008 - 12:16

UK homeowners received a much-needed boost today after Bank of England policymakers cut interest rates for the second time in three months.

The Bank’s nine-strong Monetary Policy Committee (MPC) voted to trim rates by a quarter-point to 5.25% amid growing signs of a slowdown in the economy and a cooling housing market.

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