US rate cut welcomed as good for the UK

Stavro-Beauchamp, Laura
January 2008
Mortgage Strategy;1/28/2008, p14
Trade Publication
The article reports that the U.S. Federal Reserve's 0.75% interest rate cut in January 2008 record has been recognized as good news for Great Britain. Governor of the Bank of England (BoE), Mervyn King, reacted to Federal Reserve's move by tipping a possible February rate cut for Great Britain. King acknowledges that the current economic situation poses the greatest challenge to BoE since it became independent in 1997.


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