Bank of England slashed interest key rates by futher 50 BPS to 1% which is lowest ever.......while ECB( european central bank) kept ther rates unchanged.....
thought questions wer raised regarding BoE's move as the inflation is at around 3% but BoE's target is 2%......so reducing rates is conunter to that....but BoE has said that fall in taxes and food articles price would itself drag inflation down......
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Chennai Petroleum Corporation Q4: consolidated net loss at Rs 25 crore versus loss of Rs 363 crore, revenue up at Rs 9,957 crore versus Rs 9,866 crore, QoQ.
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