UK – Behind The Curve
The recent recession in UK, which ended in the final quarter of 2009, has lasted for 18 months, the longest period on record. In order to avoid an utterly economic collapse, the Bank of England (BoE) kept cutting interest rates down to a historical level of 0.5 percentage points. In early February, central bank officials [...]
The recent recession in UK, which ended in the final quarter of 2009, has lasted for 18 months, the longest period on record. In order to avoid an utterly economic collapse, the Bank of England (BoE) kept cutting interest rates down to a historical level of 0.5 percentage points. In early February, central bank officials [...]
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