Bank of England cuts rates by 1.5 per cent - Update
|
|
Published
:
Thu, 06 Nov 2008 08:39
|
London - The Bank of England Thursday unexpectedly cut interest rates by as much as 1.5 percentage points to 3 per cent in the bank's biggest single reduction ever, the bank said. The measure was welcome by business leaders who had been urging Britain's central bank to opt for a significant cut, but the decision taken by the bank's Monetary Policy Committee exceeded expectations. It came amid reports of a further drop in house prices last month and a sharp drop in car sales in October.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
