Posted AT 6:14 PM EST on 06/11/08
Caught on the hop
OTTAWA — You would think that this autumn's spate of bank collapses and the wild gyrations of stock markets would have pummelled analysts into a state of resignation where they were beyond surprise.
Still, the Bank of England's announcement on Thursday that it was dropping its key interest rate by 1.5 percentage points to a 54-year low of 3 per cent seemed to catch just about everyone on the hop.
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