Thursday, 8 January 2009

Bank of England cuts interest rates to lowest in more than 300 years

2 comments:

Anonymous said...

The rate cut will serve to ease the flow of credit to companies and homes and should provide a boost to the economy. However it's dependent upon the banks passing on the rate cut to borrowers and currently that doesn't appear to be happening.

Kamit Chingis said...

So it leads us to an idea that all those interest rate cuts are usefull only for banks but not usefull for other people