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UK Slashes Interest Rates to All-Time Low of 1.5%

50-point cut less than business groups had hoped for

By Jason Farago, Newser Staff

Posted Jan 8, 2009 7:10 AM CST

(Newser) – The venerable Bank of England cut interest rates today by 50 basis points, trimming them to 1.5%—their lowest since the bank's founding in the 17th century. Investors had expected the move, although business organizations had pressed for a 100-point cut. Yesterday, Britain's finance... Read full story »

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UK Slashes Interest Rates to All-Time Low of 1.5%

50-point cut less than business groups had hoped for

United Kingdom • Britain • Bank of England • Alistair Darling • interest rate cut

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