Bank cuts interest rates to 2% - Instablogs
Bank cuts interest rates to 2%
Rahul Bhandari , Shimla: Dec 4 2008
Made Popular Dec 4 2008
United Kingdom :
The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951. The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut would help the slowing...
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1 Stars
Well, that’s a good start, but now is too late. The crisis is widespread.
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