Tag Archive | "mortgage rates"

Newsflash…..BoE reduces base rate to 2%

Friday, December 5, 2008

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Newsflash…..BoE reduces base rate to 2%

The Bank of England has today voted to reduce the Bank Base Rate 1.0 percentage points to 2.0%…. the lowest rate in over 50 years. The Council of Mortgage Lenders has welcomed today’s rate cut, and believe “it will help the wider economy, even if it cannot be reflected universally in lower mortgage rates.” The impact this [...]

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