Date:09/01/2009 URL: http://www.thehindu.com/2009/01/09/stories/2009010956371700.htm
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Business

Bank of England cuts rates to 1.50 %


LONDON: The Bank of England cut borrowing costs by 50 basis points to 1.5 per cent as expected on Thursday, a record low, amid signs Britain is heading for a deep recession.

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