British Central Bank Crop Interest Rate 150 bps


British Central Bank or the Bank of England (BOE) decided lowering a key interest rate up to 150 basis points (bps) from 3% to 1.5%. The decision was taken to save the economy from recession English, in addition to the decline in inflation because of a sharp. "In two months lately, we already see the transition to a significant decrease in the inflation prospects in Britain," said a statement from BOE, as quoted from the AFP, on Thursday (6/11/2008). BOE rate, the decline has been a sharp economic activity both inside and outside the country. Meanwhile, commodity prices declined sharply with. Index FTSE 100 in London Exchange hold down interest rates even though the already lowered sharply. FTSE index is now down 123.26 points recorded to the level of 4407.47.