Relevant:
- Bank of England shuts the door on a Fed rate hike this year with QE, Rate Cut
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- UK inflation exceeds Bank interest rate for first time since 1981
- Bank of England poised for rate cut
- Global Coordinated Rate Cuts Won't Solve Economic Crisis
2008-11-06 — ft.com
"The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%."
This makes the largest single cut by the BoE ever.
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