Bank of England slashes interest rates in coordinated move
Time is GMT + 8 hours Posted: 8-Oct-2008 19:19 hrs
British sterling coins are pictured in London. The Bank of England slashed its key lending rate by a half-point to 4.50 percent as part of a coordinated round of interest rate cuts by global central banks.
The Bank of England on Wednesday slashed its key lending rate by a half-point to 4.50 percent as part of a coordinated round of interest rate cuts by global central banks.
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"The Bank of England's Monetary Policy Committee today voted at a special meeting to reduce the official Bank Rate ... to 4.50 percent," it said in a statement. — AFP
