+++ BoE Cuts Half Point Off Rates +++

Bank of England cuts rates half point to 1.5%, the lowest rate in over 300 years. Is it because we have the economy best placed in the world to weather the recession?

UPDATE : Am particularly impressed with the insight of Edmund Conway, the Telegraph’s economics editor, with the base rate now at 1.5% he sagely tells us Interest rates are now nearing their bottom”. Well spotted Ed.




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“The problem in Venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented.”

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