United Kingdom | Thursday, 21 August 2008

England Articles

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51. Bank of England set to cut rates
The Bank of England looks set to cut interest rates at midday on Thursday to head off a sharp consumer-led slowdown as storm clouds continue to gather over the global economy.
07 Feb 2008
52. What the Bank of England has to weigh up next week
The Bank of England looks certain to cut interest rates by a quarter-point next week in the face of more evidence of a slowing economy.
02 Feb 2008
53. Mervyn King given second term as Bank of England head
Mervyyn King has been appointed to hold a second term as governor of the Bank of England, the Treasury announced today.
30 Jan 2008
54. Bank's Blanchflower says rates "restrictive"
The Bank of England needs to stop worrying about inflation and cut interest rates to prevent a sharp slowdown in growth, central bank policymaker David Blanchflower said in an interview published on Monday.
28 Jan 2008
55. Bank signals rates may fall but not dramatically
Interest rates are likely to come down next month to safeguard the economy but aggressive cuts of the kind announced by the U.S. Federal Reserve are not on the cards, the Bank of England signalled on Wednesday.
23 Jan 2008
56. Bank voted 8 to 1 to hold rates in January
The Bank of England has released the minutes of the monthly meeting of the rate setting Monetary Policy Committee (MPC). The minutes show that the committee voted to keep interest rates constant in January by 8 to 1.
23 Jan 2008
57. Credit crunch dulls shine of England's northeast
It was held up by politicians two years ago as a model for economic revival for others in Europe. Now England's northeast is a frontline for the impact of a credit crisis that began in California.
23 Jan 2008
58. King signals lower rates
Bank of England Governor Mervyn King appeared on Tuesday to pave the way for a February interest rate cut to revive the economy but also warned price pressures might prevent any sharper monetary easing beyond that.
23 Jan 2008
59. Northern Rock sells assets valued 2.2 bln
Northern Rock has sold a 2.2 billion pound portfolio of mortgages to U.S. bank JP Morgan, a first step to help the troubled lender repay loans from the Bank of England.
11 Jan 2008
60. Bank holds interest rates at 5.5 pct
The Bank of England left interest rates unchanged on Thursday, following a week of intense speculation over whether it would cut them for a second month running to shore up economic growth.
10 Jan 2008
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