British Broadcasting Corporation


Page last updated at 07:50 GMT, Thursday, 8 January 2009

Interest rate faces 300-year low

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Interest rates could reach their lowest point in the Bank of England's 300-year history if predictions of another cut are correct.

They are currently at 2%, the lowest rate since 1951, and economists think they could drop another half of one percent on Wednesday.

Maryam Moshiri reports.

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