Bank of England reduces interest rates by 0.25% to 5.5%

The Bank of England's Monetary Policy Committee today voted to reduce the Bank's repo rate by 0.25% to 5.5%.
Published on 05 April 2001

While growth in final domestic demand has remained firm, there are downside risks to UK activity from the slowdown in the global economy, the recent fall in equity markets and, in the short run, from foot and mouth disease. These developments could already have affected demand and output growth and may continue to do so, in particular through their impact on business and consumer confidence.

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