Bank of England reduces interest rates by 0.50% to 4.0%

The Bank of England's Monetary Policy Committee today voted to reduce the Bank's repo rate by 0.50% to 4.0%.
Published on 08 November 2001

The Committee reviewed monetary and economic developments over the three months since the August Inflation Report. World economic activity had weakened further, and evidence on the outlook now suggests that the global slowdown may be somewhat deeper and longer than previously thought. World inflationary pressures, including commodity prices, are weaker.

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