United Kingdom | Tuesday, 6 January 2009

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1. Pound hits 6-1/2 year low vs dollar
Sterling hit a record low on a trade-weighted basis and a 6-1/2 year low against the dollar on Tuesday, nagged by a grim outlook for the economy in thin trade as the year draws to a close.
30 Dec 2008
2. 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
3. What the Bank has to weigh up
The Bank of England is expected to cut interest rates to 4 percent or below from 4.5 percent on Thursday due to the bad economic outlook.
03 Nov 2008
4. Japan cuts rates with Europe to follow
Japan cut interest rates for the first time in seven years on Friday and warned severe conditions in the global economy could persist, as more central banks shift from stabilising credit markets to slashing borrowing costs in the face of the worst crisis since the Great Depression.
31 Oct 2008
5. U.S. Fed cuts rates by half point
The Federal Reserve cut U.S. interest rates by a half-percentage point on Wednesday to the lowest level since June 2004 as it tried to stave off a prolonged recession, and left the door open to further reductions if needed.
30 Oct 2008
6. Japan may follow Fed in rate cuts
Japan could follow the United States in cutting interest rates this week, a source with knowledge on the matter said, in the latest steps to protect the world's two largest economies from the global financial crisis.
29 Oct 2008
7. Global stocks gain on rate cut hopes
Most Asian stock markets and government bonds rose on Wednesday, on hopes the Bank of Japan and the Federal Reserve will cut interest rates this week in a bid to spur economic growth, while credit markets showed further signs of recovery.
29 Oct 2008
8. Brown hints at further joint rate cuts
Prime Minister Gordon Brown has hinted at the possibility that lower inflation thanks to falling oil prices could prompt central banks around the world to make more joint interest rate cuts, the BBC reported.
27 Oct 2008
9. 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
10. Chinese surfers see red over Microsoft black-outs
Chinese Internet users have expressed fury at Microsoft's launch of an anti-piracy tool targeting Chinese computer users to ensure they buy genuine software and not a copy.
22 Oct 2008
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