Interest Rates Cut 0.5%

Online Stock Trading - Bank of England Reduces Interest Rates to 0.5%

The Bank of England has just announced it has reduced interest rates to 0.5% - i.e. they have cut interest rates in half - hopefully Barclays will now cut my mortgage in half !

The interest rate is now at its lowest ever since 1694 they will also now start quantitative easing - in the region of £75 billion.

What is quantitative easing ? Click here - Quantitative Easing

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