18 April 2001, 15:05 Bank of England voted 6-3 for interest rate cut in April
London, April 18 (BridgeNews) - The Bank of England's Monetary Policy
Committee voted six to three to cut the key U.K. interest rate by 25 basis
points to 5.50% on April 5, the minutes from the monthly meeting showed.
Three committee members wanted a bigger 50-basis-point cut. Some of the
six-strong majority said that it would only take a little more bad
economic news to justify another cut.
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