UK interest rates cut to 1%

View an online version of this email here.  All times are London time: Thursday Feb 05 2009 Breaking news UK interest rates cut to 1% The Bank of England's monetary policy committee voted for a widely expected half-point cut in key rates to 1.0 per cent, the lowest ever in the Bank's 315-year history. The move is viewed as a further step on the MPC's inexorable march towards zero interest rates, although there is considerable debate about whether it ultimately intends to go that far. While the US Federal Reserve has just about hit zero, the European Central Bank has signalled discomfort with that idea. The decision signals that the MPC will offer a much gloomier assessment of the nation's economy when it issues its quarterly inflation report next week than it did in November. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.