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To: Richard Forsythe who wrote (141633)9/8/1999 4:49:00 PM
From: Lee  Respond to of 176388
 
Richard,..Re:.the interest rate is not 3% (that's the Euro zone)

Bank of England raises interest rates by 0.25% to 5.25%

bankofengland.co.uk
The Committee reviewed developments since its last meeting, including world demand, the strength of consumption and the housing market, and continuing tight conditions in the labour market. Although inflation is expected to remain below the target of 2½% in the short term, the Committee concluded that a rise in interest rates was necessary to keep inflation on track further ahead, and that an early move could lower the level at which interest rates might otherwise need to be set. It therefore voted to increase the repo rate by 0.25% to 5.25%.

Regards,

Lee




To: Richard Forsythe who wrote (141633)9/8/1999 5:02:00 PM
From: D.J.Smyth  Respond to of 176388
 
Richard, I apologize. my comment was intended as obvious unwelcomed jest. I could have said 1% to 1 1/4 which would have made even more sense. actually knew that England wasn't printing paper for the Euro school of monetary pooling; although currency trading is not something I do. so you see, my comment worked. I brought a specialist like yourself out of the wood pile with a piece of kindling as a spanking stick.

what do you think of Dell's acquisition? Looks strong.