March 5, 2009
How low can they go!?
Story link: How low can they go!?
I have to say, it has been quite a while since I last checked up on interest rate developments and the possibilities of them dropping, so I found it interesting that the Bank of England has finally bitten the bullet and dropped them to 0.5%. Will they hit 0%?
The Bank of England is expected to cut interest rates to a fresh all-time low and start increasing the money supply in an attempt to revive the economy.
Most analysts believe the Bank will cut rates to 0.5% from 1%. An announcement is due at 1200 GMT.
