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Friday, February 8, 2008

Bank of England cuts key interest rate

February 08, 2008
Britain's central bank cuts interest rates a quarter of a percentage point to 5.25% to boost slumping economy.

The Bank of England today cut rates for the second time in three months, lowering the benchmark rate by a quarter point to 5.25 percent.

The European Central Bank kept interest rates at a six-year high as policy makers focused on curbing inflation rather than supporting a weakening economy.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jun 14
01:00 CFTC S&P 500 NC Net Positions 1 $-69.4K
01:00 CFTC Oil NC Net Positions 1 168K
01:00 CFTC Gold NC Net Positions 1 $187.9K
01:00 CFTC GBP NC Net Positions 1 £35.2K
01:00 CFTC AUD NC Net Positions 1 $-63.2K
Monday, Jun 16
04:00 Business NZ PSI 2 48.5
04:31 Rightmove House Price Index (YoY) 1 1.2%
04:31 Rightmove House Price Index (MoM) 1 0.6%
12:00 Producer and Import Prices (YoY) 1 -0.5%
12:00 Producer and Import Prices (MoM) 1 0.1%
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