Bank of England to cut rates - papers 8 August

Professional Adviser
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The Times today says that the Bank of England's latest report on inflation released yesterday indica...

The Times today says that the Bank of England's latest report on inflation released yesterday indicates it is preparing to cut interest rates to head off the spectre of recession hitting the UK. The paper says comments from deputy governor Mervyn King indicated the bank was prepared to make lending even cheaper in order to head off a collapse in spending because of the fall in stock market returns. And City economists now believe that it would not take much further bad news to push the bank into voting for another interest rate cut before the end of the year. Falling st...

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