Bank of England Cuts Key Rate to 5.5% on Credit Costs, Housing

Story date: 2007-12-06 03:56:00
Added on: 2007-12-06 04:16:27

Bloomberg - Dec. 6 (Bloomberg) -- The Bank of England cut its benchmark interest rate for the first time in two years as a jump in credit costs and falling house prices weakened the economy. The nine-member Monetary Policy Committee, led by Governor Mervyn King ...


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