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08 January 2009

Bank Rate Likely To Fall By 0.50%

Bookies William Hill have opened a book on whether and by how much the Bank Rate will be lowered later today.

William Hill offer odds of 16/1 that the Bank Rate will stay the same or be raised, but make a 0.50% fall their 4/5 (1.8) favourite.

"It looks a good bet that the Bank Rate will fall but it is difficult to predict by just how much." said William Hill's spokesman Graham Sharpe.

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