Interest Rate Cut!

[Ian_W]

The Bank of England has cut UK interest rates by a quarter of a percentage point to 3.5%.

Pressure had been growing on the Bank to cut rates in order to stimulate growth in the economy.

 

But many analysts had expected the Bank to hold fire this month, possibly trimming rates in August instead.

 

However, the Bank's Monetary Policy Committee (MPC) - which was chaired for the first time by new governor Mervyn King - decided that action was needed now.

 

Pound problem

 

The past few months have seen the Bank's Monetary Policy Committee (MPC) split over whether to reduce rates further.

 

 

The weakening of the pound against the euro this year has raised fears that inflation could pick up.

 

A fall in value of sterling makes imports more expensive and so can push prices higher, threatening the Bank's inflation target.

 

However, a rebound in the value of the pound in recent weeks has partly lifted this threat and cleared the way for another rate cut.

 

 

[Big J R]

How INTERESTing !

 

 

[CANV EFM]

compound this topic!!

[pabird]

Its a Blair plot to weaken the pound until we are in the same queer street as Germany then join the Euro

There must be some Chinese in the Blair family line

<img src="/images/graemlins/bootyshake.gif" alt="" />

[Urchino]

pabird has been reading too many conspiracy theories <img src="/images/graemlins/grin.gif" alt="" />

[The Invisible Man]

The "pa" bit stands for "paranoid!" <img src="/images/graemlins/grin.gif" alt="" />

[Big J R]

Quote:

The Invisible Man said:
The "pa" bit stands for "paranoid!" <img src="/images/graemlins/grin.gif" alt="" />

[color:"blue"] I thought that was a camera that developed your pictures for you ??? DOHHHHHHH !

(Where you bin hidin Invis ? Halifax L's been worried !)

[Stu B]

BJR,that's the worst one yet!

[Big J R]

Quote:

Fleet boy said:
BJR,that's the worst one yet!

[color:"red"] YOU AIN'T SEEN NOTHIN' YET !!!

[Stu B]

I normally find them quite funny..but that was a really poor one and you obviously find it funny(you mentioned in it in the PM)and that's the really worrying part.. <img src="/images/graemlins/frown.gif" alt="" />

[pabird]

No use being ironic with you pinkies is it

Relax and don!nt be so doctrine bound (as in egg bound)

<img src="/images/graemlins/wavey.gif" alt="" /> <img src="/images/graemlins/wavey.gif" alt="" /> <img src="/images/graemlins/wavey.gif" alt="" />

[The Invisible Man]

I used to be ironic but I'm a little rusty now! <img src="/images/graemlins/smile.gif" alt="" />

 

Anyway I thought it was a sort of a Greek column? <img src="/images/graemlins/confused.gif" alt="" />

[Big J R]

And I used to be Dyslexic, but I'm KO now !

[Urchino]

I used to be Female <img src="/images/graemlins/shocked.gif" alt="" />, but thats another story.