BoE under severe pressure for interest rate cut

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BoE under severe pressure for interest rate cut

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11-05-2008, 09:08 PM

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BoE under severe pressure for interest rate cut

The Bank of England is under severe pressure to cut interest rates this week after figures revealed that the service sector shrank in October.The service sector, which makes for almost three quarters of output, fell for the sixth consecutive month and was at its lowest level since 1996, according to an index compiled by the [...]

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