Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
Thursday, December 04, 2008
BOE cut rate to historical lows
After today's 100bps cut by Bank of England, UK's base bank rate reached its lowest level since 1939. The rate is expected to be lowered again, which will be the lowest level since BOE was founded in 1694. UK's economy is in dire situation.
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