Bank of England News Release

NEWS RELEASE - Meeting of Monetary Policy Committee, 18 September

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

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