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London, Financial Timeline Saturday, October 11     Author
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Bank of England to detail £50bn plan  The bank is to announce details later of a plan to help prevent the credit crisis causing more damage to the UK banking system and economy Bank £50bn mortgage rescue plan
World News World Financial (148) London (201) Business (31) Financial
2007 (5) 2005 (1) 2002
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World's central banks slash interest rates
Oct. 8
  The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market losses
 Six central banks cut interest rates by half a percentage point

Apr.20
Apr.18
  The Bank of England will next week unveil a plan to swap government bonds for British banks' mortgages

year 2007 Top ^

Dec.12 UK welcomes world cash injection
  Prime Minister Brown has welcomed a joint plan by the US Federal Reserve and other central banks to help ease strains in financial markets
Nov.20 Bank data of 25 millions missing  Tax and customs service lost banking and personal data when 2 computer disks disappeared in an internal mail service Sep.20 Bank chief defends role in crisis   Bank of England governor has defended his handling of the Northern Rock crisis in a crucial appearance in front of a panel of MPs Aug.10 Central banks pour money into system
  The U.S. Federal Reserve and European Central Bank pumped money into the banking system for a second day to ward off a global credit crisis

year 2005 Top ^

Jun.11 G8 ministers back Africa debt deal
  Finance ministers have agreed to cancel up to $55 billion worth of debt owed by the world's poorest nations

year 2002 Top ^





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