BOE has been discussing the possibility of 200 bps rate cut

Prior to 150 bps rate cut on November 6 the board members of Bank of England actually have been discussing the possibility of 200 bps rate cut. It’s the largest single rate cut since 1997. Here is a part of the Minutes of the Meeting:

The projections in the Inflation Report implied that a very significant reduction in Bank Rate – possibly in excess of 200 basis points – might be required in order to meet the inflation target in the medium term. However, a number of arguments were discussed for not moving Bank Rate by the full extent implied by those projections.

Read the full transcript here

Related Posts :

BOE, ECB and Swiss slash interest rate

Sources :

FT.com: Bank of England discussed 200bp rate cut, November 19 2008 21:31

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.