British Prime Minister Brown is expected Bank of England will cut interest rates further

Gulf countries are visiting British Prime Minister Tony Brown 2, said that in view of the current international market of crude oil and food prices, the Central Bank of England is expected to follow the trend of the Bank of England will take measures to further cut interest rates. Bank of England will be held on the 6th regular meeting of monetary policy, widely expect the meeting will likely cut interest rates by 0.5 percentage points to 4%. Brown said the recent Bank of England has cut interest rates twice, he could not forecast the Bank of England on the 6th of specific decisions, but he believes that oil and food commodity prices fall so that the rate cut has become a global trend. At present, the spread of the global financial crisis, concern and the financial crisis hit the real economy and increase the risk down the world economy, countries have pledged to take measures to cut interest rates to stimulate economic growth and the current commodity prices central banks also lowered interest rates The feasibility of an increase. The latest Office for National Statistics show that in the third quarter of Britain's GDP over the previous 0.5 percent decline in the first quarter, which is in the past 16 years Britain's economy contracted for the first time. Analysts expect crude oil prices in the international market as the significant downturn in the Bank of England may cut interest rates to stimulate the economy.