- Real Time Charts
- Forex Charts
- Futures Charts
- Stocks Charts
- Indices Charts
Feb 13, 2012 02:34AM GMT
New York London Tokyo
BoE cuts UK rates by 50 basis points to record low
By Reuters | Interest Rates News | Jan 08, 2009 12:00PM GMT
Reuters
LONDON, Jan 8 (Reuters) - The Bank of England cut interest rates by half a percentage point to a record low of 1.5 percent on Thursday as it battles to keep Britain from falling into a deep and lasting downturn.
Financial markets had been almost evenly split in pricing in a cut of either 50 or 75 basis points and analysts say another reduction next month looks a sure bet and that interest rates could fall below 1 percent.
Rates never fell below 2 percent, even during the Great Depression of the 1930s, and they are now at their lowest level since the central bank was founded more than 300 years ago.
The severity of the current downturn has caught policymakers on the hop. They have cut UK interest rates by a total of 3.5 percentage points since October.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
| SPX 500 Futures | 1346.15 | +5.65 | +0.42% | |||
| NQ 100 Futures | 2559.60 | +11.10 | +0.44% | |||
| US 30 | 12801.23 | -89.23 | -0.69% | |||
| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8965.50 | +18.33 | +0.20% | |||
| US Dollar Index | 78.95 | -0.16 | -0.20% |
CFDs Quotes
| Gold | 1728.75 | +3.45 | +0.20% | |||
| Silver | 33.788 | +0.184 | +0.55% | |||
| Copper | 3.883 | +0.021 | +0.56% | |||
| Crude Oil | 99.94 | +0.91 | +0.91% | |||
| Natural Gas | 2.430 | -0.046 | -1.86% | |||
| US Cotton No.2 | 91.16 | +0.13 | +0.14% | |||
| US Coffee C | 218.60 | +0.00 | +0.00% |
CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | +0.00 | +0.00% | |||
| US 10 YR T-Note | 131.12 | -0.09 | -0.07% | |||
| US 30 YR T-Bond | 142.26 | -0.17 | -0.12% |
Recent Activity
Sponsored Links
- 50% Bonus with 4XP and ForexProsEnjoy the best offer in the forex market
a massive 50% bonus from 4XP and ForexPros - You don't need to be an expert to trade like oneEasy To Use Platform. Tight Spreads No Commissions. Free Demo Account.
- Be a 4XP Pro - AutomaticallyUse 4XP Auto-Trading to automatically maximize your profits