Forex 1.5 percentage point cut in UK base rates to 3%

Forex 1.5 percentage point cut in UK base rates to 3%

Published by DavidWaring
11-07-2008

Forex 1.5 percentage point cut in UK base rates to 3%

Forex 1.5 percentage point cut in UK base rates to 3%

Yesterday’s shock 1.5 percentage point cut in UK base rates to 3% pushed them to their lowest level since 1955 and was the largest single reduction since the ERM crisis in 1992.

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