The Bank of England has today cut the interest rate from 4.5% down to 3%, much bigger than expected. The rate is now at it’s lowest since 1955, and the 1.5% cut is the most dramatic since a 2% reduction in 1981.
The Priminister has asked all banks and building societies to pass on the interest [...]
Monthly Archives: November 2008
Interest Rates Cut to 3%
6 November 2008 – 12:32 pm