Economists expect a BoE rate cut of at least 0.5% today, bringing the benchmark rate to 4% or...

|By:, SA News Editor

Economists expect a BoE rate cut of at least 0.5% today, bringing the benchmark rate to 4% or less. Since its founding in 1694, BoE has never cut its key rate below 2%, but may have to go as low as zero as the U.K. faces a severe financial crisis. (ETF: EWU)