Bank of England Reduces Interest Rates by 0.25% to 4.75%
18 September 2001
A special meeting of the Monetary Policy Committee was convened this morning by the Governor. At that meeting, the Committee voted to reduce the Bank's repo rate by 0.25% to 4.75%.
The Committee considered the reaction of financial markets to the tragic events of last week; it considered the Federal Reserve's decision to reduce interest rates yesterday, and