Friday, December 12, 2008

Bank rates head for zero per cent

I am a selfish person.

At last someone has seen the way out?

THE Bank of England said today it is prepared to slash interest rates to zero to save the economy.

Governor Mervyn King said the official cost of borrowing would be cut to “whatever level is necessary” to boost confidence and stave off a long and deep recession.

Interest rates in Britain have never fallen below two per cent since the foundation of the Bank of England in 1694.





If you cannot find the links in this blog, I have majority of them filed, Email me!

No comments: