The Bank of England has today slashed interest rates by one-and-a-half per cent in an attempt to stave off recession.
With 150 basis points shaved off, the bank rate now stands at 3 per cent. That’s the lowest it’s been since 1955. The news will come as a shock to much of the business world. Analysts earlier this week called for a full per cent drop yet debated the probability of three quarters. That was…
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