Bank of England trims rates to prevent econom,ic slowdown; Move may bolster support for Euro membership
Article Abstract:
The Bank of England has cut interest rates from 6% to 5.75% in an attempt to protect the U.K. economy from a slowdown similar to that in the U.S. The move brings the U.K.'s base rate within a percentage point of that of the European Central Bank. This could strengthen the position of those who favor the U.K. joining the common European currency.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Bank of England trims rates, hints at further cuts
Article Abstract:
The article discusses how the Bank of England cut its base lending rate by a quarter percentage point to 5.5% and stated that more cuts could follow.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Dresdner Bank set aside funds for Daewoo losses
Article Abstract:
Almost 50 million euros in 1999 third-quarter funds has been reserved by Dresdner Bank to loan for expected losses suffered by the Daewoo Group. The group has debts valued at almost $70 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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