Barclays Reduces U.K. Rate Forecast, Predicts Two Cuts in 2008 (Bloomberg.com)
Story date: 2007-10-22 12:31:51
Added on: 2007-10-22 12:47:39
Oct. 22 (Bloomberg) -- The Bank of England will cut its benchmark interest rate by half a percentage point next year as the recent credit-market rout restrains economic growth, Barclays Plc said.
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