April 2008

The Bank of England Trims UK Interest Rates by a quarter point - now at 5.00%

Analysts had been predicting the move which is the central bank's third cut in interest rates since early December. The apparent ongoing crisis in the credit sector and national news on house prices seem to have driven the decision.  The decision has been broadly welcomed by business leaders but don't be surprised if  the full reduction in rates is not reflected in mortgage costs. 


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