Base rate drops to 5.25%

The Bank of England has today voted to reduce the base rate to 5.25%. The move has been made to help prevent recession gaining momentum in the British economy. Market commentators are generally predicting a continued slow fall in the base rate this year - gradually falling to around 4.5% by the end of 2008, or early 2009.

This entry was posted on Thursday, February 7th, 2008 at 1:21 pm and is filed under Interest Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.