United Kingdom | Tuesday, 6 January 2009

England Articles

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1. Bank makes shock 1.5 percentage point cut
The Bank of England made a shock 1.5 percentage point cut in interest rates on Thursday to just 3 percent, their lowest level in more than half a century, as it seeks to prevent the country from sliding into a deep recession.
06 Nov 2008
2. Bank voted 9-0 for coordinated rate cut
All nine Bank of England Monetary Policy Committee members voted for this month's globally co-ordinated 50 basis point emergency cut in interest rates, minutes of their October 8 meeting showed on Wednesday.
22 Oct 2008
3. Bank to launch discount window facility on Monday
The Bank of England will launch on Monday a permanent successor to its Special Liquidity Scheme introduced to ease the credit crunch, in a major reform of the way it keeps money flowing through the financial system.
17 Oct 2008
4. Bank to outline new discount window plan
The Bank of England will on Thursday outline plans for reforms to its discount window for emergency overnight bank lending, which banks have avoided over the past year because of fears of negative publicity.
16 Oct 2008
5. Access to GPs far worse than thought
The ability of patients to see a family doctor within the government's target time of 48 hours is far worse than previously thought, England's health watchdog said on Thursday.
16 Oct 2008
6. Bank say no limit to dollar swap line with Fed
The Bank of England said on Monday there would now be no upper limit to its swap line with the Federal Reserve for providing dollars liquidity to the market.
13 Oct 2008
7. Government won't tell Bank to cut rates
The government will not put pressure on the Bank of England to cut interest rates but is prepared to take big steps with economic policy to stem the credit crisis, Chancellor Alistair Darling said on Sunday.
06 Oct 2008
8. Bank voted 8-1 for steady rates
The Bank of England's Monetary Policy Committee voted 8-1 to keep interest rates at 5 percent this month with David Blanchflower calling for a half-point reduction in borrowing costs.
17 Sep 2008
9. Inflation to prompt Bank explanation
Rising utility bills are likely to push inflation to a new series high in August, requiring Bank of England Governor Mervyn King to write another explanatory letter to the government.
16 Sep 2008
10. Bank says will steady pound if necessary
The Bank of England is monitoring conditions in sterling money markets following Lehman Brothers' filing for bankruptcy and will act to stabilise them if necessary, it said on Monday.
15 Sep 2008
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