The reduction was confirmed by the Bank of England today in a bid to boost the slowing economy.
The latest fall marks the fifth interest rate cut since October when rates stood at 5%.
Controlled Group belatedly signs off 2007 results; shows ВЈ1.8m loss
Steel tycoon Mittal loses £35bn in eight months
U.S. home sales rise in December
Tenn. economy hasn’t hit bottom yet, UT reports