Bank of England cuts benchmark rate to 2% - lowest level since 1951; Rate has never been lower since 1694 - -in 314 years
Dec 4th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bank of England’s Monetary Policy Committee today voted to reduce the benchmark interest by 1% to 2.0% - - the lowest since 1951and since the bank was founded in 1694, the rate has never been lower than 2%.