8th
Jan
BASE RATE CUT BY ANOTHER 0.5%
Posted in Daily £££ Chatter |
The Bank of England has again cut interest rates, bringing base rate down to just 1.5%, its lowest level since the creation of the bank in 1694. In a statement issued alongside the announcement the Bank highlighted several factors leading to its decision: ´The world economy appears to be undergoing an unusually sharp and synchronised downturn. Measures of business and…
