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Recession-beating package announced

23.00 Wed Oct 08 2008
Interest rates have been slashed and billions pumped into banks in a "bold" bid to stave off recession.

MPC was 'split' over rate decision

Bank of England
15.07 Wed Jul 23 2008
The majority of the Bank of England rate-setters voted to keep rates on hold but one voted for a cut, another for a rise.

Interest rates held at 5%

Interest rates
22.27 Thu Jul 10 2008
Interest rates have been kept on hold for the third month as the Bank of England continued its fight to keep inflation under control.
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