All Entries Tagged With: "interest rate cut"
European Central Bank Rate Cut Deemed Modest
Fifteen countries that use the euro have had their key interest rates cut by the European Central Banks from 3.25 percent to 2.5 percent.
Although the cut seems modest compares to the Bank of England and US Federal reserve cuts, this is the largest cut the bank has
Pound Tumbles On Anticipation Of Interest Rate Cut
The British Pound tumbles against the dollar to $1,4528 this morning as currency markets await the decision by the Bank of England to cut the base interest rate again by midday today.
Last night the pound sterling fell to its lowest level in 13-years at $1.4668, sterling also hit a record low against the euro, which [...]
Interest rate cut: 3 percent says struggling businesses
The Bank of England has been urged to cut interest rates by at least 1 percent this week by Business organizations and unions to avoid the recession. The British Retail Consortium and TUC have also put pressure on the UK’s retail banks to quickly pass on any interest rate cuts to mortgage holders who are [...]