THE Bank of England cut interest rates yet again on February 5th, from 1.5% to 1%, a new historic low.

英国央行(英格兰银行)2月5日再次降息，利息率从1.5%降至1%，创下了新的历史最低记录。

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Hedge Fund manager Barton Biggs told Bloomberg reporters on Monday that he cut his long positions yet again and believes the odds of a U.S. recession are increasing.

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Wim Duisenberg, the ECB's president, noted during his weekend visit to Washington that euro-area inflation is currently close to the ECB's target apparently implying reluctance to cut rates further, even though Mr Duisenberg acknowledged that European growth prospects have been revised downwards yet again.

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