BoE ready to cut UK rates if necessary-minutes

Britain's central bank is ready to lower borrowing costs if the global economic outlook worsens or British consumer spending starts to ease, minutes of the Bank's last policy meeting showed on Mar 21, 2001.

The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to leave its benchmark repo rate at 5.75 percent at the March 7-8 meeting. But economists expect the MPC to come under renewed pressure to cut rates when it next meets on April 4-5 following the U.S. Federal Reserve's decision

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