A woman looks at adverts offering savings rates and current account services in Manchester
By Andrew Yates
A woman looks at adverts offering savings rates and current account services at a branch of the Alliance and Leicester bank in Bramhall, Manchester. The Bank of England on Thursday cut its key lending rate by half a percentage point to 1.5 percent, the lowest level in its 315-year history, to ward off any threat of deflation in a sharp economic downturn.
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