Google
 

Thursday, February 7, 2008

Bank of England cuts key interest rate


LONDON - The Bank of England cut interest rates by a quarter of a percentage point to 5.25% on Thursday, its second cut in three months as it attempts to shore up confidence in Britain's slowing economy.

The trim had been widely anticipated by analysts who had expected the central bank's monetary policy committee to set aside conflicting concerns about accelerating inflation

No comments: