Bank rate down another 0.5%

Posted on 9 January 2009 by Drew

The Bank of England lowered the cost of borrowing to an historic level of 1.5% yesterday. Some had predicted a 1% cut, but in the end we only got half that. Perhaps the Bank is now waiting to see if the drastic cuts of late are going to make any difference to the market. We will of course keep you as updated as possible.

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Bank rate down another 0.5%

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