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UK Cuts Interest Rates, But EU Holds Steady

Subprime woes force first rate cut in Britain in over two years

By Jason Farago, Newser Staff

Posted Dec 6, 2007 7:21 AM CST

(Newser) – The Bank of England cut its benchmark interest rate for the first time in over two years today, reducing the bank rate by a quarter-point to 5.5%. The cut drove the pound down to about $2.02, its lowest in 2 1/2 months. The... Read full story »

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UK Cuts Interest Rates, But EU Holds Steady

Subprime woes force first rate cut in Britain in over two years

European Central Bank • Bank of England • Mervyn King • interest rate cut

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Euro Central Banks Slash Interest Rates

Bank of England drops rate to 2%, ECB to 2.5%, Sweden to 2%

'Race to Zero' Under Way as Central Banks Cut Rates

With Fed at 1% and European, Asian banks trimming, no-interest loans not far off, perhaps

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Grimmer-than-expected economic news pummels the global economy

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US, EU, UK, others offer 50-point reduction to reverse diving markets

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