Breaking News from Zest - Bank of England Reduces Rate
8th October 2008
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In an unexpected move, The Bank of England along with 5 other central banks have cut their interest rates by half a percentage point.

A day earlier than expected, rates have been cut to attempt to steady a faltering global economy. The Bank of England Rate is now down to 4.5%.

Today, some mortgage lenders have already passed on the cut to their borrowers.

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