国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

BoE cuts UK rates by 50 basis points to record low

(Agencies)
Updated: 2009-01-08 20:51

The Bank of England cut interest rates by half a percentage point to a record low of 1.5 percent on Thursday as it battles to keep Britain from falling into a deep and lasting downturn.

Financial markets had been almost evenly split in pricing in a cut of either 50 or 75 basis points and analysts say another reduction next month looks a sure bet and that interest rates could fall below 1 percent.

Rates never fell below 2 percent, even during the Great Depression of the 1930s, and they are now at their lowest level since the central bank was founded more than 300 years ago.

The severity of the current downturn has caught policymakers on the hop. They have cut UK interest rates by a total of 3.5 percentage points since October.