Thursday 8 January 2009

315


Today history was made as the Bank of England cut interest rates to 1.5%, the lowest level in its 315 year history, as it tries to aid an economic recovery.
The half percent reduction brings interest rates below 2% for the first time since the Bank of England was founded in 1694.Good news for borrowers (unless you already have a fixed rate loan), not so hot for savers.
So who will this really help?

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