Bank cuts interest rates
Jul 10th 2003, 2:02 pm
#1
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Bank cuts interest rates
That is in the Uk means cheaper cash and the rubber dollar will bounce higher again'st the quid not a great time for incoming refugees?
The Bank of England today surprised the City by cutting interest rates for the second time this year, pushing the cost of borrowing to its lowest level since the early 50s.
In its first interest rate decision under Mervyn King, who succeeded Sir Edward George as the Bank's governor at the beginning of this month, the monetary policy committee reduced interest rates by a quarter-point to 3.5%.
http://money.guardian.co.uk/interest...995371,00.html
The Bank of England today surprised the City by cutting interest rates for the second time this year, pushing the cost of borrowing to its lowest level since the early 50s.
In its first interest rate decision under Mervyn King, who succeeded Sir Edward George as the Bank's governor at the beginning of this month, the monetary policy committee reduced interest rates by a quarter-point to 3.5%.
http://money.guardian.co.uk/interest...995371,00.html
Last edited by pommie bastard; Jul 10th 2003 at 2:04 pm.
Jul 10th 2003, 2:50 pm
#2
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Which will also stimulate the houseing market in Blighty, good news for the potential emigrants to down under trying to sell a house.
Bad new for you as house prices won't crash after all.
Bad new for you as house prices won't crash after all.
Jul 10th 2003, 2:54 pm
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Originally posted by Kiwipaul
Which will also stimulate the houseing market in Blighty, good news for the potential emigrants to down under trying to sell a house.
Bad new for you as house prices won't crash after all.
Which will also stimulate the houseing market in Blighty, good news for the potential emigrants to down under trying to sell a house.
Bad new for you as house prices won't crash after all.
Cheaper money creates jobs and trade , why are Aussie rates always higher than the UK , not enough in export trade to offset imports ?
Last edited by pommie bastard; Jul 10th 2003 at 2:59 pm.
