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Interest rate cut hopes

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10-18-2007, 08:20 AM

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Interest rate cut hopes

It has materialised that an interest rate cut is looking likely after minutes from the Bank of England’s Monetary Policy Committee meeting showed members talked about the option of reducing rates from 5.75% to 5.5% to kick-start the slowing economy following the crisis in the credit markets. Yesterday the pound was up just 0.08 of [...]

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