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Interest rates slashed: Bank of England cuts bank rate by 1.5%

Home  Nov, 2008

Interest rates slashed: Bank of England cuts bank rate by 1.5% - Interest rates today came down by a whopping 1.5 percentage points to 3.0% - the lowest level since 1954 - in a dramatic statement of intent by the Bank of England to stave off the UK's imminent recession



Interest rates slashed: Bank of England cuts bank rate by 1.5%  [11/06/2008 01:17 PM]
Interest rates today came down by a whopping 1.5 percentage points to 3.0% - the lowest level since 1954 - in a dramatic statement of intent by the Bank of England to stave off the UK's imminent recession
House prices tumbled 2.2% in October  [11/06/2008 01:17 PM]
House prices are down 15% in year - their worst annual fall since 1983 - according to figures from Britain's biggest mortgage lender
Stock market report: Thursday latest  [11/06/2008 01:17 PM]
12.30:Bank shares have never been cheaper, but Morgan Stanley warns it is still too early to start thinking of buying the sector
Tracker mortgages pulled before rate cut  [11/06/2008 01:17 PM]
Two major lenders today pulled their tracker mortgage ranges, just hours before the Bank of England is expected to announce an interest rate cut
Obama in the deep end as US woes grow  [11/06/2008 01:17 PM]
The economic crisis facing Barak Obama was made starkly clear today as corporate America hit the president-elect with a barrage of bad news
Marks & Spencer hit with bad credit rating  [11/06/2008 01:17 PM]
Marks & Spencer has been downgraded by the credit rating agency Moody's, which could make it more expensive for the retailer to borrow cash
C&G pledge to pass on interest rate cut  [11/06/2008 01:17 PM]
One of Britain's biggest mortgage lenders has pledged to pass on in full any cut in the Bank of England's base rate today
New car sales slump by a quarter  [11/06/2008 01:17 PM]
New car sales - a key indicator of consumer confidence - slumped again last month while BMW is to shut down Mini production for a month
Easing food prices clear way for rate cut  [11/06/2008 01:17 PM]
Food price inflation is dropping sharply, bringing relief to millions and removing fears of higher prices that have delayed interest rate falls
Icelandic chill hits the Costa pensioners  [11/06/2008 01:17 PM]
Hundreds of pensioners living in Spain could lose their homes after signing up to an equity-release scheme with failed bank Landsbanki
Icesave payments to begin this week  [11/06/2008 01:17 PM]
All the 230,000 savers should get their money by the end of this month
Sky resolves channel row with Virgin  [11/06/2008 01:17 PM]
The long-running and often bitter fee row between BSkyB and Virgin Media has been resolved
Fuel bills rising twice as fast in UK as in EU  [11/06/2008 01:17 PM]
Gas and electricity bills are rising more than twice as fast in the UK as in neighbouring nations, it has emerged
Boom times over in world's fine art markets  [11/06/2008 01:17 PM]
The boom times are over in the world's soaraway art markets, experts agreed yesterday after a lacklustre New York auction at Sotheby's.
Gas guzzlers 'to pay double for road tolls'  [11/06/2008 01:17 PM]
Gas guzzlers face paying road tolls up to double those for less polluting cars under new Labour plans
Our morally bankrupt banks need action  [11/06/2008 01:17 PM]
End of a fun run, not the world  [11/06/2008 01:17 PM]
We challenge the stock tippers...beat our cat  [11/06/2008 01:17 PM]
King faces the boldness test  [11/06/2008 01:17 PM]
Now that Obama is safely home as President-elect, the recovery in markets on both sides of the Atlantic has cooled as investors wait to see who moves into the Treasury
Midas share tips: Spice and Albidon  [11/06/2008 01:17 PM]
Financial Mail's Midas' latest share tips take a look at Yorkshire Electricity spin-off success Spice and miner Albidon