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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (4171)	6/5/1998 4:15:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9980

Repost: *** Bank of England hikes key rate from Infobeat of 06/04/98 The Bank of England has raised a key interest rate by a quarter-point, jolting unwary markets as it seeks to slow Britain's economy to curb inflation. Most analysts in London had predicted the central bank would hold rates steady. But the bank raised its repo rate, the lowest rate at which it lends money to commercial banks, to 7.50% from 7.25%. London stock prices plunged on the news, amid fears the higher interest rates will raise the value of the British pound. (USA Today) <eom> ---------------- Mike and All, since we spoke about "European weakness" some days ago, I thought I quickly repost this newsclip. So far no weakness in sight, really. Thomas