Bank of England cuts benchmark interest rate to 1% - - a new all-time low since the Bank was founded in 1694
Feb 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bank of England’s Monetary Policy Committee today decided to reduce its benchmark interest rate 0.5 percentage points to 1.0% - - a new all-time low since the Bank was founded in 1694.